Indian Airplane toilets stashed with gold
Adam Pike, News Editor
12 Mar 2014, 10:55 a.m.
Indian gold smugglers are stuffing kilos of gold inside the panels of airplane toilets in the attempt to avoid the 10% import tax. Last week Indian customs authorities found $650,000 of gold stuffed in the toilet cubicles on two Jet Airways flights.
The attempted scam works as follows. Firstly a smuggler will board an international flight, hide the gold and then depart undetected through customs. The next smuggler then boarders a domestic flight on the same plane uncovers the gold and disembarks at a local airport where there are no custom officials.
Gold smuggling has become extremely profitable as a result of the gold import tax increasing from 2% to 10% in January 2012. The tax is extremely unpopular in India and last week gold traders and jewellers went on strike demanding the tax is lifted.