Gilt trip: High taxation on gold is meant to curb imports, but all it does is boost smuggling

While the yellow metal is smuggled into the country fairly regularly, the use of diplomatic baggage set off alarm bells in various agencies, including at the National Investigative Agency (NIA), the country’s top counterterrorism organisation.

First published here: Gilt trip: High taxation on gold is meant to curb imports, but all it does is boost smuggling