Under which law were the three persons arrested in the DRI's Gujarat gold smuggling case?
- A.The Customs Act, 1962
- B.The NDPS Act, 1985
- C.The Gold Control Act, 1968
- D.The Foreign Exchange Management Act, 1999
Correct answer
Explanation
The correct answer is the Customs Act, 1962. Gold brought into the country without declaration and without payment of duty is smuggled goods, so the three arrests in this case, which covered dealings in 13.017 kg of foreign-origin gold valued at about Rs 19.41 crore, were made under that Act. Option B is wrong because the narcotics law applies to drugs and psychotropic substances, which is a different line of work for the same agency. Option C is wrong because the old gold control law is not the provision used here; the offence rests on the illegal import of the metal. Option D is wrong because the foreign exchange law deals with currency and cross-border payment rules, and although a financier based in Dubai features in the case, the arrests themselves were made under the customs law.
Read the full article: DRI Busts Gujarat Gold Racket, 13 Kg Seized Worth Rs 19.41 Cr
Practice Questions
In which Gujarat city did the syndicate run its illegal gold-melting facility?
- A.Surat
- B.Vadodara
- C.Rajkot
- D.Gandhinagar
Show answer
After the gold reached India it was handed over to handlers outside the airports, routed through intermediaries and taken to an illegal melting facility in that city; the melted metal was then supplied to a jewellery shop in Ahmedabad and sold against cash.
Read the full explanation →Which method of concealment was used to disguise the smuggled gold as something other than gold?
- A.Gold wires coated with rhodium
- B.Gold coins sewn into shoe soles
- C.Gold dust mixed with tea leaves
- D.Gold sheets hidden in book covers
Show answer
The investigation found that the carriers drew the metal into thin wires and gave them a rhodium coating, which hides the colour of gold, and the same passengers also fitted gold into the inner linings of their trolley bags and carried gold paste inside the inner shells of those bags.
Read the full explanation →Under which law has NPPA fixed the trade margin ceiling on these anti-cancer drugs?
- A.Paragraph 19 of the Drugs (Prices Control) Order, 2013
- B.Section 12 of the Essential Commodities Act
- C.Paragraph 4 of the National Pharmaceutical Pricing Policy
- D.Rule 65 of the Drugs and Cosmetics Rules
Show answer
This is the enabling provision cited by the regulator while capping the trade margin at thirty per cent of the Maximum Retail Price for the identified non-scheduled anti-cancer medicines.
Read the full explanation →From which date will the revised prices of the 137 anti-cancer drugs become effective?
- A.17 October 2026
- B.1 November 2026
- C.9 November 2026
- D.1 January 2027
Show answer
Retailers, chemists, hospitals and medical institutions have to charge the reduced prices from that day and must display the revised rates at their counters, while hospitals must also show them on their websites.
Read the full explanation →NPPA has capped the trade margin on 137 non-scheduled anti-cancer drugs at what share of the Maximum Retail Price?
- A.15%
- B.20%
- C.30%
- D.50%
Show answer
The National Pharmaceutical Pricing Authority has rationalised the trade margin on the identified non-scheduled anti-cancer medicines and held it to thirty per cent of the Maximum Retail Price, using the power given by Paragraph 19 of the Drugs (Prices Control) Order of 2013.
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