INDIA BATTLES TO CONTAIN TOBACCO SMUGGLING BOOM
February 1st, 2016
India is battling to contain a boom in organised cigarette smuggling, which is fuelled by high domestic taxes, complex regulations and weaker criminal penalties compared to those levied for trading in other contraband. This trend is becoming a “growing threat to the national interests of not [only] India but several economies worldwide,” according to a detailed assessment called ‘Emerging Challenges to Legitimate Business in the Borderless World,’ released in January. Written jointly by experts from the Indian branch of international accounting network ...
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