**Executive Summary:**
This document presents the Indian government's response to a parliamentary question regarding gold imports, revenue collected, smuggled gold, and seizures over the past ten years (FY 2015-16 to FY 2024-25). It includes year-wise and country-wise details of gold imports and revenue collected (Annexure A & B), along with data on gold smuggling and seizures.
**Key Points / Main Content:**
* **Gold Imports and Revenue:**
* Annexure A provides details of gold imports, year-wise and country-wise, with values in USD million.
* Switzerland, United Arab Emirates, and South Africa were major countries of consignment for gold imports.
* Annexure B provides details of the revenue collected from gold imports, year-wise and country-wise, with values in Rupees Crore.
* **Gold Smuggling and Seizures:**
* The document specifies the number of cases and quantity of gold seized (in Kgs) each financial year from 2015-16 to 2024-25.
* The highest quantity of gold was seized in FY 2018-19 (4292.29 Kgs) and the highest number of cases was in FY 2023-24 (6599).
**Impact Analysis:**
* **Ministry of Finance:**
* *Impact:* Responsible for tracking and reporting on gold imports, revenue collection, and smuggling activities.
* *Action Required:* Continue monitoring and reporting data on gold imports, revenue, and seizures.
* **Customs and Revenue Authorities:**
* *Impact:* Responsible for enforcing regulations related to gold imports and curbing smuggling.
* *Action Required:* Maintain vigilance to prevent gold smuggling and accurately record seizures.
* **Gold Importers:**
* *Impact:* Subject to import duties and regulations affecting the cost and logistics of importing gold.
* *Action Required:* Comply with import regulations and pay applicable duties.
Key Entities Referenced
Ministry of Finance: A ministry of the Government of India, responsible for the country's finances.
Department of Revenue: A department under the Ministry of Finance, Government of India.
LOK SABHA: The lower house of the Parliament of India.
Shri Anto Antony: Member of Parliament who raised the question about gold imports.
PANKAJ CHAUDHARY: Minister of State in the Ministry of Finance who provided the answer to the question.
Switzerland: A country that is a major source of gold imports to India.
United Arab Emirates: A country that is a major source of gold imports to India.
South Africa: A country that is a major source of gold imports to India.