A case related to gold smuggling has come up in India, which has created a sensation in the whole country. Kannada actress Ranya Rao was caught smuggling gold. She was bringing gold from abroad. He was arrested with 14 kg 800 grams of gold at Bengaluru Airport. With this, discussions about gold smuggling have intensified once again in the country. Let us understand what effect the Gold Smaling has on the government treasury.
There are reports coming on the day of Goldsmagaling. People from abroad bring gold and sell it in India. Most people who are caught. He brings gold illegally from Dubai. Because gold gets cheap prices in Dubai market and gold prices in India are higher than there. Gold smuggling is a big issue in India, which causes a loss of billions of rupees to the government treasury every year.
By smuggling gold, the government treasury loses a loss of billions of rupees every year. This deficit is because gold smuggling people smuggle gold from abroad and then sell it in the market. With this, the government does not get the amount of tax on the sale of gold, ie custom duty.
If the smuggling of gold increases, then how does it affect the gold reserve of the country. Let us understand this in easy language. For example, if someone comes from a country illegally, then there was no account of it, this affects the prices of gold in the market. Apart from this, the country does not get any tax on the price of that gold, due to which there is a loss in the government treasury.
