Duties on gold import, non-essential items may go up

The Indian government is finding out the hard way that capital controls don't work.  Neither does the restriction on sound money--gold and silver.  As we predicted, raising taxes on gold imports only encouraged smuggling.

http://www.indianexpress.com/news/duties-on-gold-and-nonessential-items-may-go-up-p.-chidambaram/1154366/

Countering devaluation: Govt slaps temporary ban on gold import

The Indian and Pakistani governments are ensuring the impoverishment of their citizens by restricting and banning gold imports.  The masses' purchasing power will be slaughtered when their respective sovereign currencies collapse from over-printing.

http://tribune.com.pk/story/584352/countering-devaluation-govt-slaps-temporary-ban-on-gold-import/

Smugglers find channels to bypass gold import curbs

http://www.business-standard.com/article/economy-policy/smugglers-find-channels-to-bypass-gold-import-curbs-113072300703_1.html

Gold import tax raised; move unlikely to deter buyers

This is further evidence the world's central banks will do everything in their power to curb demand for gold.

http://in.reuters.com/article/2013/01/21/gold-india-import-duty-idINDEE90K0A220130121