In a new case of smuggling, rising petroleum prices are making petrol, diesel a worthy asset of being smuggled.
A Singapore registerd tugboat carrying 1,500 MT smuggled diesel worth Rs60 lakh was seized on Tuesday near Jamnagar , The Directorate of Revenue Intelligence (DRI) has caught five crew of the boat.
As per DRI, the boat had successfully escaped customs officials in Mumbai before reaching the Jamnagar. Smuggled oil is free from customs duty, selling it in India is quite a profitable business.
The tug boat is registered to one Cyber Offshore, in the last few years the Jamnagar customs had foiled five attempts of oil smuggling along the 800 km large coastline.