Only 8,000 gold ornament shops out of a total of 40,000 stores are under the VAT net currently
The jewellery industry has apparently remained largely dependent on unauthorised channels for sourcing gold although there is no direct government bar on importing the precious metal.
International smugglers are bringing gold bars into Bangladesh through legal means and then smuggling those to India.
Only 8,000 gold ornament shops out of a total of 40,000 stores are under the VAT net currently
The jewellery industry has apparently remained largely dependent on unauthorised channels for sourcing gold although there is no direct government bar on importing the precious metal.
International smugglers are bringing gold bars into Bangladesh through legal means and then smuggling those to India.
