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Jan 18, 2020, 11.04 PM IST

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Anti evasion wing of Mumbai Central GST busts major illegal gold movement channel

“The customs and GST officials have raised their drive to curb evasion of import duty or of the GST,” said a government official speaking on anonymity. India imports 700-800 tonnes of gold on average each year. After the UPA government raised the duty in stages from 2% to 10% in 2013 to check a ballooning current account deficit, smuggling reared its head.

Did Nirmala Sitharaman's last Budget leave you rich or poor? A recap

For those with taxable income of Rs 2-5 crore, the surcharge stands incr...

GJC seeks reduction in gold import duty in the upcoming Union budget

Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gol...

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