Nationwide racket to evade tax exposed in Mumbai

Mumbai: The Mumbai Central Commissionerate has exposed a unique modus operandi involving a multi-crore rupees tax evasion racket by transporting high-end jewellery without paying GST, an official said on Saturday. Following a specific tip-off that certain jewelers from Hyderabad, Chennai, Delhi, and Kolkata were supplying gold and gold jewelry studded with or without precious stones to certain counterparts in Mumbai, the GST Commissionerate launched an investigation. The seizure included gold bars, diamond-studded gold jewellery, designer jewelry, precious stones like Solitaire Diamonds, rubies and pearls worth around Rs 26 crore, flouting various CGST laws. Further investigations revealed that the consignments were mostly transported without proper tax-paying documents, or is-declared or undervalued. (IANS)

Also Read: Mumbai to get 24×7 freedom at midnight from January 26

Also Watch: Protesters, who walked all the way from Tinsukia-Guwahati to protest against CAA 2019, Detained!