Crackdown on jewellers: Tax searches net Rs 815 mn from jewellery couriers

January 06
08:49 2018

Officials from the departments of goods and services tax (GST) and central excise jointly conducted searches on around 200 angadias across the city and seized around 125 packets of diamond, gold jewellery and cash worth Rs 815 million on Thursday.

“We had information on human carriers carrying some parcels containing gold bars, jewellery, diamond and cash coming in. We verified the information and started acting on it. We found around 80 people/carriers carrying cash and valuables, which they should not have carried without paying duty, and we intercepted them. In our investigation, we found some parcels are genuine, as applicable duties are paid on these; a majority of them are found without proper papers. While we will release the parcels on which duties are paid, we’d seize the ones on which duties are not paid. We will also give them opportunity to prove their claims and ask them to pay duties and fines applicable” said K N Raghavan, commissioner, GST and central excise, Mumbai Central.

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