Customs need to fine tune its risk-based parameters for Risk Management System (RMS) to detect such cases
By Sai Nikesh D
Even as the Government of India (GoI) in its Union Budget 2015 announced strict and stringent measures to curb money laundering, sources said a surge in trade between India and the United Arab Emirates during the past few years has been under intelligence watch.
Endorsing the same, Ajay Sahai, Director General of the Federation of Indian Export Organisations (FIEO), said, “We have been given to understand that 50% of all consignments exported to Free Ports like Dubai are physically examined. If that be the case, any mischief cannot go undetected for a long time.”