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GOLD JEWELLERY SEIZURE
Mumbai airport: 30 kg gold worth Rs 38 crore caught by customs from 24 women. Here's how they concealed gold bars and jewelleryThe Directorate of Revenue Intelligence (DRI) seized 29.37 kg of gold worth Rs 37.74 crore and arrested 24 carriers at Mumbai Airport. This...
Gold holding above 100g: Can it be seized by income tax department if you don’t have right papers? Check varying limits for men and womenIndia has no legal limit on gold ownership, provided its source is declared income. While CBDT offers seizure guidelines for specific gold ...
Tax dept seized mother’s 263 gram gold; son fights in ITAT Mumbai and wins: Know what CBDT gold jewellery circular saysMr. Nilawar has emerged victorious against the tax department's attempt to seize his family's gold collection. The Mumbai Income Tax Appell...
NRI to get back seized gold chain from Indian customs at Delhi airport after winning case in Delhi High CourtA Non-Resident Indian (NRI) travelling from United Arab Emirates to India was intercepted by Indian customs officials at the Delhi airport ...
Gold worth Rs 12.56 cr seized from Kannada actress at Bengaluru airport: DRIKannada actress Ranya Rao was intercepted by Directorate of Revenue Intelligence officers at Kempegowda International Airport, Bengaluru, w...
Cash seizures very high in five poll-bound states: CBDT chairmanThe Income Tax Department in India has seized more cash during the ongoing assembly elections in five states than in the last assembly and ...
Gold smuggling up on higher taxesOrganised jewellers say smaller outlets are sourcing the metal through illegal means.
India gold smuggling slowed by election seizures of cash, bullionDealers were charging a premium of up to $2.50 an ounce over official domestic prices, the highest in nearly five months.
PNB fraud case: ED seizure goes up to Rs 5,649cr; Nirav Modi, Choksi summonedED expanded its probe from 17 to 35 locations across various cities, as it asked Modi's designer jewellery chain headquarters in Mumbai to ...
Bulk cash seizures rise: Rs 31 crore in new notes seized in 4 separate incidentsIn another incident, CBI recovered Rs 65 lakh of new currency in 2000 denomination from the Senior Superintendent of Post Offices, Hyderaba...
Yellow metal no longer red hot for visiting non-residentsJewellers said purchases by NRIs have fallen 30-40% after the government said jewellery or ornaments bought with explained sources of incom...
No change in gold seizure norms in proposed I-T Law amendmentsThe proposed amendments also do not seek to tax inherited gold and jewellery, as also those items that are purchased through disclosed or a...
Election commission cash seizure jumps to Rs 1.73 crore in Tamil NaduCash seizures ranging from Rs three lakh to Rs 10 lakh were made in several districts, including Nagapattinam, Nilgiris, Krishnagiri, and V...
Increase in gold smuggling due to hike in import dutyThe Finance Ministry has said incidence of gold smuggling has increased due to hike in import duty and fluctuation in global prices.
- Finmin wants strict vigil on gold smuggling
The finance ministry has directed its agencies to step up vigil on international borders to check spurt in gold smuggling.
Government asks agencies to step up vigil to check gold smugglinghe government has asked its agencies to step up vigil on international borders to check spurt in gold smuggling, Parliament was informed to...
- All India Gems and Jewellery opposes proposed DTC
The All India Gems and Jewellery Trade Federation, the national body of the jewellery trade and apex industry body Gems and Jewellery Indus...