Gilt trip: High taxation on gold is meant to curb imports, but all it does is boost smuggling
In early July, customs officials at the Thiruvananthapuram international airport intercepted a diplomatic consignment from UAE containing 30 kg of gold valued at about Rs 15 crore. While the yellow metal is smuggled into the country fairly regularly, the use of diplomatic baggage set off alarm bells in various agencies, including at the National Investigative … Read more