FICCI lauds DRI for largest seizure of smuggled cigarettes
New Delhi, June 15 (IANS) FICCIs Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE) has applauded the Directorate of Revenue Intelligence (DRI), who in a major haul seized foreign brand cigarettes worth Rs 11.88 crore from a container at the Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai on June 12.
This is one of the biggest seizures since lockdown. Amid lockdown, several cases of seizures by enforcement agencies of smuggled imported cigarettes have been reported indicating a spike in cigarette smuggling over the last few months. The trend is nationwide, with seizures intercepted via road transport, in cargo and passenger luggage.
Congratulating the officers of DRI, Anil Rajput, Chairman, FICCI CASCADE said “Cigarette smuggling is a big racket across the globe and India continues to remain a hot bed for this menace. Even as the country is grappling with the coronavirus crisis, the seizures of such goods remain high”.
For developing countries, widespread smuggling has a particularly debilitating effect on efforts to improve domestic resource mobilization, by denying tax revenues, which subsequently affect government spending on healthcare, education, infrastructure.
Related Posts
2 held at airport with foreign currency worth Rs 26 lakh
KOCHI: The Customs Air Intelligence Unit at Cochin International Airport Ltd...
Nigeria Loses About N15bn Annually To Counterfeit Products – SON
An estimated N15 billion is lost annually to fake or counterfeit products in...
Gold biscuits worth Rs 4 crore seized at Indo-Bangla border
The Border Security Force officials stopped a bus at a check post in Petrapole...
Buying cheaper counterfeit products for holidays can have high costs Federal agents have come across fake contact lenses, counterfeit prescription pills and software that can steal your identity
Buying knockoff purses or piratedDVDsmay seem harmless for some holiday shoppers,...
