Customs may confiscate 540kg gold of Apan Jewellers today

Customs intelligence is likely to confiscate 13.5 mound (540 kg) gold of Apan Jewellers for failure to furnish legal documents of the precious metal. 
Earlier, the Customs Intelligence and Investigation Directorate of the National Board of Revenue seized the gold from five showrooms in Dhaka in drives in May 14-15. 
Custom intelligence director general Moinul Khan said that the gold would be confiscated at 9:00am and handed over to the Bangladesh Bank through Dhaka Customs House. 
The issue will be settled legally under the Customs Act 1969, he said. 
Apan Jewellers could not provide legal documents of the gold in three hearings.  

 

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