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Cheaper gold by Rs 10 lakh - 15% import duty prompts smuggling wave in India
The Times of India
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A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram.
This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013.
Industry experts warn of escalating unofficial imports. ...
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