India has the highest demand for gold in the world, ranking above China and the US. Khushnum Bhandari / The National
India has the highest demand for gold in the world, ranking above China and the US. Khushnum Bhandari / The National
India has the highest demand for gold in the world, ranking above China and the US. Khushnum Bhandari / The National
India has the highest demand for gold in the world, ranking above China and the US. Khushnum Bhandari / The National

Indian taekwondo team investigated in Delhi after discovery of gold worth $35,000


Nick Webster
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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.

Brazen airline smuggling attempts: in pictures

  • US Customs arrested this Fly Jamaica Airways cabin crew attendant, who was found to have 4kg of cocaine strapped to his legs and concealed under tights and trousers. The haul at New York's JFK Airport would have been worth about $160,000 on the street. Photo: US Customs and Border Protection
    US Customs arrested this Fly Jamaica Airways cabin crew attendant, who was found to have 4kg of cocaine strapped to his legs and concealed under tights and trousers. The haul at New York's JFK Airport would have been worth about $160,000 on the street. Photo: US Customs and Border Protection
  • Police in Bogata, Colombia arrested this Canadian woman for trying to smuggle 2kg of cocaine on to a Canada-bound flight in September, 2013. The woman pretended to be pregnant and hid the drugs in a latex belly. AFP
    Police in Bogata, Colombia arrested this Canadian woman for trying to smuggle 2kg of cocaine on to a Canada-bound flight in September, 2013. The woman pretended to be pregnant and hid the drugs in a latex belly. AFP
  • This spectacularly conspicuous attempt to smuggle €30,000 of cocaine ended in arrest for a Colombian passenger in July, 2019. The man, 65, concealed one kilo of the illicit powder by gluing it to his head. He was caught when police noticed the height of his black toupee, when his flight from Bogota landed in Barcelona. Photo: Policia Nacional
    This spectacularly conspicuous attempt to smuggle €30,000 of cocaine ended in arrest for a Colombian passenger in July, 2019. The man, 65, concealed one kilo of the illicit powder by gluing it to his head. He was caught when police noticed the height of his black toupee, when his flight from Bogota landed in Barcelona. Photo: Policia Nacional
  • Australian customs officers foiled this attempt to smuggle the party drug ecstasy into the country, concealed in a Mr Potato Head toy. Officers at Sydney International Mail Centre cracked open the Toy Story figurine and found 293g of the drug in October, 2007. AFP
    Australian customs officers foiled this attempt to smuggle the party drug ecstasy into the country, concealed in a Mr Potato Head toy. Officers at Sydney International Mail Centre cracked open the Toy Story figurine and found 293g of the drug in October, 2007. AFP
  • Portuguese police released this image of multicoloured swim trunks with two brown rubber bags — supposed to look like buttocks — attached. The passenger who was wearing them was caught at the airport in Lisbon, off a flight from Belem in northern Brazil in February 2018. The fake buttocks contained enough cocaine for 5,000 doses. Photo: Portuguese National Police
    Portuguese police released this image of multicoloured swim trunks with two brown rubber bags — supposed to look like buttocks — attached. The passenger who was wearing them was caught at the airport in Lisbon, off a flight from Belem in northern Brazil in February 2018. The fake buttocks contained enough cocaine for 5,000 doses. Photo: Portuguese National Police
  • Guatemalan smugglers were found to have scooped out the cream filling of dozens of vanilla wafers and replaced it with wraps of cocaine. US Customs and Border Protection arrested the Guatemalan passenger carrying them at George Bush Airport in Houston in April 2015. The nearly 2 kilos of cocaine would have a street value of more than $60,000. AP
    Guatemalan smugglers were found to have scooped out the cream filling of dozens of vanilla wafers and replaced it with wraps of cocaine. US Customs and Border Protection arrested the Guatemalan passenger carrying them at George Bush Airport in Houston in April 2015. The nearly 2 kilos of cocaine would have a street value of more than $60,000. AP
  • Few airports in the world will let you through security without removing your shoes, due to the threat from terrorism and to tackle drug smuggling. Australian Customs discovered nearly half a kilo of heroin in the hollowed out soles of these shoes. AFP
    Few airports in the world will let you through security without removing your shoes, due to the threat from terrorism and to tackle drug smuggling. Australian Customs discovered nearly half a kilo of heroin in the hollowed out soles of these shoes. AFP
  • Customs officers at Dubai's main airport foiled 155 attempts to smuggle 'talismans and black magic items', related to witchcraft and sorcery, in 2015. Officers said criminals take advantage of often vulnerable people with superstitions. Photo: Dubai Customs
    Customs officers at Dubai's main airport foiled 155 attempts to smuggle 'talismans and black magic items', related to witchcraft and sorcery, in 2015. Officers said criminals take advantage of often vulnerable people with superstitions. Photo: Dubai Customs
  • In August 2019, 755kg of methamphetamine was found hidden under frozen cow hide from Mexico. The crystal meth was wrapped in aluminium foil and sandwiched among 18 pallets of hide that arrived in Sydney aboard a shipping container marked 'Salty Bovine Skin'. AFP
    In August 2019, 755kg of methamphetamine was found hidden under frozen cow hide from Mexico. The crystal meth was wrapped in aluminium foil and sandwiched among 18 pallets of hide that arrived in Sydney aboard a shipping container marked 'Salty Bovine Skin'. AFP
  • Crystal meth wraps are removed from inside hollowed out hardwood flooring at a warehouse in near Melbourne, Victoria, Australia, in April, 2017. The haul had been shipped from China and had a street value of $681m. AFP
    Crystal meth wraps are removed from inside hollowed out hardwood flooring at a warehouse in near Melbourne, Victoria, Australia, in April, 2017. The haul had been shipped from China and had a street value of $681m. AFP
  • London-based seafood salesman Gilbert Khoo was sentenced to jail at a British court in March, 2020 for smuggling live 'glass eels' to Hong Kong. He was caught with 200kg and the total haul between 2015 and 2017 was worth about $69m. Photo: National Crime Agency
    London-based seafood salesman Gilbert Khoo was sentenced to jail at a British court in March, 2020 for smuggling live 'glass eels' to Hong Kong. He was caught with 200kg and the total haul between 2015 and 2017 was worth about $69m. Photo: National Crime Agency
  • Khoo, pictured holding two pieces of gold, was arrested after Border Force officers seized a consignment at Heathrow Airport. Photo: National Crime Agency
    Khoo, pictured holding two pieces of gold, was arrested after Border Force officers seized a consignment at Heathrow Airport. Photo: National Crime Agency
  • Dubai Police released this image of drugs in a hollowed out book. It was part of a consignment of two tonnes of drugs of various types. A multinational police operation tackled criminal activities related to drug smuggling and trafficking in Denmark, Holland, Switzerland, Italy, Spain and Austria in November 2017. Photo: Dubai Police
    Dubai Police released this image of drugs in a hollowed out book. It was part of a consignment of two tonnes of drugs of various types. A multinational police operation tackled criminal activities related to drug smuggling and trafficking in Denmark, Holland, Switzerland, Italy, Spain and Austria in November 2017. Photo: Dubai Police
  • A passenger tried to smuggle a whole roasted hog from Peru to Atlanta in November, 2016, for Thanksgiving. US Customs staff seized the hidden pig, which is banned by laws designed to prevent foot and mouth disease and swine fever. Photo: US Customs and Border Protection
    A passenger tried to smuggle a whole roasted hog from Peru to Atlanta in November, 2016, for Thanksgiving. US Customs staff seized the hidden pig, which is banned by laws designed to prevent foot and mouth disease and swine fever. Photo: US Customs and Border Protection
  • Drugs are hidden inside a microwave as seizures are displayed at Dubai Airport in July 2019. Chris Whiteoak / The National
    Drugs are hidden inside a microwave as seizures are displayed at Dubai Airport in July 2019. Chris Whiteoak / The National
  • One of the largest drug busts in Dubai's history was made at Jebel Ali Port in May 2019. Sniffer dogs alerted officers to a shipment that was found to contain 5.7 million Captagon pills. Photo: Dubai Police
    One of the largest drug busts in Dubai's history was made at Jebel Ali Port in May 2019. Sniffer dogs alerted officers to a shipment that was found to contain 5.7 million Captagon pills. Photo: Dubai Police
  • Captagon is a type of amphetamine originally used for attention deficit disorders, but was banned in the 1980s due to its highly addictive nature. Smugglers in Syria have thrived during the chaos of the war there, and many shipments have been traced to the Arab state. Photo: Dubai Police
    Captagon is a type of amphetamine originally used for attention deficit disorders, but was banned in the 1980s due to its highly addictive nature. Smugglers in Syria have thrived during the chaos of the war there, and many shipments have been traced to the Arab state. Photo: Dubai Police
Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Meydan Racecourse racecard:

6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 1,900m

7.05pm: Maiden for 2-year-old fillies (TB) Dh165,000 1,400m

7.40pm: The Dubai Creek Mile Listed (TB) Dh265,000 1,600m

8.15pm: Maiden for 2-year-old colts (TB) Dh165,000 1,600m

8.50pm: The Entisar Listed (TB) Dh265,000 2,000m

9.25pm: Handicap (TB) Dh190,000 1,200m

10pm: Handicap (TB) Dh190,000 1,600m.

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Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Arrogate's winning run

1. Maiden Special Weight, Santa Anita Park, June 5, 2016

2. Allowance Optional Claiming, Santa Anita Park, June 24, 2016

3. Allowance Optional Claiming, Del Mar, August 4, 2016

4. Travers Stakes, Saratoga, August 27, 2016

5. Breeders' Cup Classic, Santa Anita Park, November 5, 2016

6. Pegasus World Cup, Gulfstream Park, January 28, 2017

7. Dubai World Cup, Meydan Racecourse, March 25, 2017

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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

Updated: September 06, 2022, 10:20 AM