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Alarming rise in seizure of smuggled gold in India

The latest data released by the country’s Trade Ministry indicates that seizure of smuggled gold into the country has risen alarmingly during the initial ten months of the current fiscal year 2014/15. The total number of seizures touched 3,412 during the ten-month ...

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Indian airports see huge drop in legal gold imports

The Customs and Central Excise Department had recently made it mandatory for any passenger bringing gold into the country, to declare his/her source of income. With legal gold imports dropping sharply during recent months, the authorities doubt whether this measure has backfired. ...

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