£1m in Gold found on Plane

Gold Bullion Bars found on Plane in India

Almost £1m worth of Gold bars have been found in a toilet compartment on a plane in eastern India.

The assorted Gold Bullion bars were left stashed in two bags on a Jet Airways flight at Kolkata airport in West Bengal, officials have confirmed, and is thought to be an attempt to smuggle the precious metal into the country due to a high demand for the precious metal.

Legal imports of Gold face duties of up to 15% on jewellery items and a tax of 10% on Gold Bullion Bars and other ‘raw’ Gold.

News source: bbc.co.uk.


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