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India’s tax hike drives illegal gold imports to 3-year high

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India’s tax hike drives illegal gold imports to 3-year high
Photo / Coverage: The Hindu Business Line
EXECUTIVE SUMMARY

Informal shipments for July to September jumped more than 1,500% to 50 metric tons from 3 tons a year earlier, the producer-funded group said, citing data from consultancy Metals Focus

Key Takeaways

  • India’s tax hike drives illegal gold imports to 3-year high.

Informal shipments for July to September jumped more than 1,500% to 50 metric tons from 3 tons a year earlier, the producer-funded group said, citing data from consultancy Metals Focus

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Published originally on The Hindu Business Line

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