Author Topic: Gold duty hike leads to spurt in smuggling  (Read 1555 times)

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Offline exchange

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Gold duty hike leads to spurt in smuggling
« on: July 05, 2013, 02:11:20 PM »
What would be the most logical thing to happen when a government restricts an asset that is loved by so many?

http://timesofindia.indiatimes.com/business/india-business/Gold-duty-hike-leads-to-spurt-in-smuggling/articleshow/20532519.cms


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Offline pandacoins

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Re: Gold duty hike leads to spurt in smuggling
« Reply #1 on: August 31, 2013, 03:19:11 AM »
They raised the import duty from 6, to 8, now 10% - it's only resulted in record high gold prices in India , meanwhile the rupee is still tanking.