Yeh doing it is at own risk ofcourse. If steam finds out you are from a different country they will lock your account too due to "fraudulent activity". And I don't know about gifting. Recently they did add an extra protection but I think the developper has to add that option to their game. As for as I know not all games have it. But I could be wrong.
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I wrote it earlier in a different topic, but i figured I would create a new one:
eve online also seems to have a priceglitch in indonesia 5.23 euro instead of 131.50 for a year.
http://s15.postimg.org/h7vpif3uj/eve.jpg
I havn't tried if it still works since im not interested in it.
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