On 21 September, Business Today reported that the coronavirus lockdown in India has significantly hit the inflow of smuggled gold with illegal shipments estimated to have fallen to nearly 2 tonnes a month. The “normal” nearly 120 tonnes in previous year is about 17% of the country’s annual demand.
https://www.businesstoday.in/current/economy-politics/coronavirus-lockdown-crushes-gold-smuggling-annual-illegal-shipments-likely-to-fall-from-120-tonnes-to-25-tonnes/story/416629.html
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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