In Cat-And-Mouse Game, India Uncovers New Gold Smuggling Route

(Reuters) - India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer. India -- whose appetite for gold is only rivaled by China -- last year imposed a record 10 percent import duty and made it mandatory to export a fifth of all bullion imports, seeking to curb bullion demand that has blown out the trade deficit.