Gold Smuggling

CBI vs CBI: List of charges leveled by Asthana against Verma that Supreme Court wants CVC to probe

Joint Director Rakesh Asthana has alleged that the name of a senior railway official, who is the fulcrum of the conspiracy, was omitted with the approval of CBI Director Alok Verma in the Lalu Yadav-BNR Hotel FIR

14 people arrested at Delhi airport for trying to smuggle Rs 8 crore worth of gold; fifth such incident in last three days

Fourteen people, including six Chinese nationals, have been arrested by customs officials at the international airport in Delhi for allegedly smuggling gold worth about Rs eight crore into the country.

Delhi-based jeweller, involved in gold smuggling case, jumps to death from Directorate of Revenue Intelligence office

A Delhi-based jeweller, who was at the DRI office in connection with an alleged gold smuggling case, on Wednesday jumped to death.

Falling trade deficit opens space to reduce gold import tax, could make bullion cheaper

A lower import duty would also help in curbing gold smuggling, which the industry says is likely to rise after the hike in sales tax on gold jewellery from 1 July.

Riots in Basirhat has nothing to do with religion, it's a Hindu-Muslim fight over controlling cow smuggling

The illegal cattle trade is a sprawling industry, stretching from the border to the tanneries in Bangladesh, the cash meaning something different to each person along the supply chain.

FM's defence falls flat: Gold smugglers make a killing as hawala premium doubles

A rising hawala premium suggests that there is demand for this type of transport.<br /><br />

Explainer: Why gold imports will go up over the next few months

Exports for August 2013, went up by nearly 13% to $26.4 billion, in comparison to August 2012. In July, exports were at $25.83 billion. Even if gold imports come in at $2-3 billion on an average, they will cancel out the bounce in exports. Given this, the trade deficit is likely to go up in the months to come.

Mona ka Sona is thriving: gold smuggling may see 40% jump

The high import duty, local taxes and restrictions on imports are resulting in higher import of gold through illegal channels.

Hiding bars in dead cows to export cos: India cracks down on gold smugglers

An Indian gold-exporting company has been raided over suspicions it was trying to smuggle gold out of a special economic zone, in a sign of a crackdown on the practice in the world's second-biggest bullion consumer.

New low for Maharaja: Air India employees smuggling gold for last 3 years

Authorities have found 13 cases of gold smuggling by employees of the national carrier, Air India, over the past three years and the current year