The Directorate of Revenue Intelligence (DRI) on Thursday raided several gold importers who were importing the precious metal from Thailand taking undue advantage of concessional duty, cracking down on a major nationwide anti-smuggling operation.
The government has raised customs duty on gold in bid to curb imports that are largely responsible for the high current account deficit and weakening currency, but a spurt in smuggling threatens to undermine its efforts.
"The operation is currently on...there was intelligence on a sudden jump in gold jewellery imports from Thailand," said an official with the organisation privy to the development.

Source - http://economictimes.indiatimes.com