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India's gold tariff hike fuels smuggling revival, squeezes banks and refiners | Collector
India's gold tariff hike fuels smuggling revival, squeezes banks and refiners
Economic Times

India's gold tariff hike fuels smuggling revival, squeezes banks and refiners

India's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price gap with the formal market. Industry participants estimate illicit gold inflows could top 100 tonnes this year, hurting legal imports, refiners and government tax revenues.

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