DGCEI detects Rs 2540 cr evasion of Central excise,service tax

Image
Press Trust of India Mumbai
Last Updated : Apr 01 2013 | 7:55 PM IST
The Mumbai unit of Directorate General of Central Excise Intelligence has detected over 464 cases involving the evasion of excise duty and service tax to the tune of Rs 2,540 crore, and recovered Rs 230 crore during the last fiscal.
"The evasion amount detected in the last fiscal (2012-13) was over Rs 800 crore more than Rs 1,700 crore detected in the previous financial year (2011-2012)," DGCEI sources said today.
The Mumbai unit comprises Pune, Nashik and Raipur regions.
While the agency detected 193 cases, involving evasion of Central excise duty amounting to Rs 555 crore and recovered Rs 70 crore, it unearthed 285 cases of service tax evasion totalling Rs 1,985 crore and recovered Rs 160 crore.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 01 2013 | 7:55 PM IST

Next Story