The Directorate of Revenue Intelligence (DRI) has made a significant seizure at Mundra Port in Gujarat’s Kutch, confiscating historical artefacts and antique furniture with an estimated market value exceeding Rs 26.8 crore. Mundra Port, situated on the northern coast of the Gulf of Kutch, Gujarat, began operations in 2001 under the name Gujarat Adani Port Limited (GAPL) and was later merged into Mundra Port and Special Economic Zone Limited, renamed Adani Ports and Special Economic Zone Limited (APSEZ) in 2012. It is a key maritime facility operated by the Adani Group.
Facts/Terms for UPSC Prelims
- Directorate of Revenue Intelligence (DRI): DRI is the law enforcement agency responsible for preventing and investigating customs and tax-related offenses in India, including smuggling and money laundering.
- Market Value: The estimated worth of the seized artefacts and furniture in terms of their potential sale price in the market.
- Mundra Port: A major seaport in Gujarat, India, located on the Gulf of Kutch. It plays a crucial role in trade and commerce and has undergone significant expansion and development.
- Adani Group: A large conglomerate in India with interests in sectors such as infrastructure, energy, logistics, and more. It operates Mundra Port and Special Economic Zone Limited.
- Adani Ports & SEZ Limited (APSEZ): The expanded and renamed entity that operates Mundra Port and associated special economic zones, playing a vital role in India’s maritime trade and economic activities.
