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Gold's own country: India's booming smuggling sector

The Morning Brief

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Introduction

Gold prizes in India have increased 15% in the past one year. The cumulative tax of 18% that India levies on import of gold could mean more smuggling. In this episode, we delve into why India faces high incidence of gold smuggling. We hear from a recently retired veteran from the customs department who let us in on some thrilling cases in his career.

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