Earnings from Gold Smuggling in India

in Business Risk, Environmental Threats

A gold smuggler in India can make $33.50 (1,800 Rupee) for every 10 grams of gold that is smuggled into the country, according to jewelers in the country.

The government of India has raised the duty on gold, thus increasing the black market smuggling of gold to avoid duty payments.

(More income and profits from illegal jobs.)

Source:  Aparna Ramalingam, “Import duty hike to up gold smuggling,” Times of India, January 22, 2013.

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