A taekwondo coach returning to India with his young team from Thailand are being investigated on suspicion of smuggling gold worth $35,000.
The unidentified trainer and his 13 team members were stopped by customs officials at Delhi's Indira Gandhi International Airport, officials said in a Twitter post on Monday evening.
A search of the Indian coach, two others and 10 minors uncovered undeclared gold chains and rings weighing 667 grams.
The seizure came 24 hours after an Indian man was caught at Delhi airport with 216g of gold hidden inside a Thermos flask, shortly after arriving from Singapore.
Two other men were arrested at the airport on September 2 for smuggling 12 gold bars from Riyadh, weighing 1.4kg and valued at about $81,676.
Gold prices have drifted towards a six-week low in the face of tightening monetary policy around the world and rising global inflation.
Gold's value has historically risen in times of economic uncertainty when inflation is high and is seen as a stable long-term investment.
India has the highest demand for gold in the world, and ranks above China and the US, largely owing to its popularity as a gift for weddings or to pass on as a family inheritance.
Passengers are often intercepted carrying undeclared gold arriving from airports in the UAE, particularly from Dubai where there is a booming gold market.
India allows nationals to carry 20g of gold for men worth 50,000 rupees and 40g for women, duty-free.
Men can import up to 20g of gold worth no more than 50,000 rupees duty free. Female passengers are allowed to bring in 40g with a value of up to 100,000 rupees without paying tax.
Travellers who want to bring more gold into India must declare it on arrival at border control and pay import duty.
In July, the Indian government increased the import duty on gold to 15 per cent from 10.75 per cent as the rupee continues to weaken against the US dollar.
In addition to customs charges, the government levies a goods and services tax on the manufacturing and services of gold.
Anyone buying gold must pay GST, as well as charges, which add 8 per cent to the total cost.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
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Director: Saeed Roustaee
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Rating: 4/5
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