Operation Bullion Blaze | 14 Nov 2025
Why in News?
The Directorate of Revenue Intelligence (DRI) cracked down on a major gold-smuggling and melting syndicate in Mumbai under the code name "Operation Bullion Blaze."
Key Points
- About Operation Bullion Blaze:
- The operation aims to disrupt black-market gold channels, which are often used for cash conversion and unaccounted political or criminal funding.
- The operation focuses on Zaveri Bazaar, Kalbadevi, Opera House, and other high-volume trade clusters in Mumbai, where unregistered bullion activities are suspected.
- About Directorate of Revenue Intelligence (DRI):
- The Directorate of Revenue Intelligence (DRI) is India’s apex anti-smuggling agency, functioning under the Central Board of Indirect Taxes & Customs (CBIC), Ministry of Finance.
- It was established in 1957 and is responsible for preventing smuggling of gold, narcotics, wildlife items, counterfeit currency, and commercial frauds involving customs duty evasion.
- DRI has the authority to conduct search, seizure, arrest, and investigation under the Customs Act, 1962.
- It works closely with global bodies like WCO, INTERPOL, and foreign customs agencies for intelligence sharing.