Cigarettes, gold most smuggled items in Gujarat
Ahmedabad: Estimates by officials of Directorate of Revenue Intelligence (DRI) – Ahmedabad Zonal Unit, indicate that cigarettes and gold are among the highest smuggled commodities in Gujarat. “While some 80 lakh sticks of cigarettes were smuggled in Gujarat from April to July, about 110kg gold was smuggled in the same period. The risk and investment involved in smuggling of cigarette is lesser than what it is for gold,” said Arvind Kumar Chaurasia, deputy director, DRI – Ahmedabad Zonal Unit.
Smuggling of cigarettes yields higher profits than what is earned in gold, said Chaurasia. He was present at a seminar and panel discussion on ‘Combating Counterfeiting and Smuggling – An Imperative to Accelerate Economic Development’, organized in Ahmedabad on Friday.
Disparity in taxes and prices of the same commodities usually leads to increase in smuggling. Among other items being smuggled into Gujarat, include Red Sanders, diamond powder and pharmaceuticals.
Related Posts
Cash, goods worth over ₹5.5 crore seized in poll-bound Chhattisgarh
Raipur: Unaccounted cash, liquor and other goods worth more than Rs 5.5 crore...
R.I. men sentenced in cigarette smuggling case
PROVIDENCE - A Pawtucket man and a Central Falls man were sentenced Thursday to...
AP Exclusive: Chinese banks a haven for web counterfeits
Kim Sbarcea knew exactly what she wanted. She typed "Tiffany Elsa Peretti mesh...
Police detain two found with Sh5.7m in Euros, gold bars.
People will detain for 10 days two people arrested in Kalama, Marsabit County,...