Dubai feels the pain from India’s gold taxes | The National:
"Exports to India by members of Dubai Chamber of Commerce and Industry fell 18 per cent in the first eight months this year after New Delhi capped inflows of gold and other precious metals.
Exports and re-exports to India dropped to Dh3 billion, according to data from the chamber.
It follows the Indian government raising the duty on gold bullion this year to 10 per cent and setting the import duty on gold jewellery at 15 per cent."
'via Blog this'
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