The FICCI Committee Against Smuggling and Counterfeiting Destroying the Economy (CASCADE) organised an awareness rally on Saturday to comba...

The US Customs and Border Protection (CBP) has recently intensified efforts to combat the smuggling of counterfeit luxury products, leading...

"The high taxes are creating a huge demand for smuggled and counterfeit products across the country and are forcing millions of small and i...

The bench, also comprising Justice Mini Pushkarna, further noted that the possession, use, production, transfer of counterfeit currency or ...

Nita Kapoor, Chief Executive Officer, ISWAI, said, “We welcome and thank the Assam government for their progressive and positive steps that...

On corporate tax reduction, Thakur said new investment will help create lot of job opportunities in the country.

As per FICCI CASCADE, high tariff rates, brand consciousness, lack of awareness, cheaper alternatives and demand supply gap are among the m...

Maximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said.

The report by Ficci body CASCADE pegged the loss in seven industry sectors at Rs 1,05,381 crore, increasing 44.4 per cent between 2011-12 a...

E-commerce business might be a hot sector among investors, but the online market place might be emerging as a hub for counterfeiting and sm...

The report was unveiled on Friday at a FICCI CASCADE International Conference on Illicit trade – Threat to national security & economy.

Amongst the various sectors, the maximum revenue loss was from counterfeiting and illicit trade is tobacco products 23% and Rs 9,139 crore.

India has lost annual tax of more than Rs 26,000 crore in 2012 due to counterfeiting, smuggling and tax evasion.

Smuggling and counterfeiting is estimated to cost the government a whopping Rs 26,190 crore in tax losses annually, a study conducted by in...

Ushering in FDI in multi-brand retail could ensure supply of genuine goods by eliminating the intermediaries involved in production and sal...

High excise duty on cigarettes in India has resulted in the growth of contraband trade of the product with the total market estimated to re...

Contraband cigarettes, estimated to be at Rs 1,700 crore, are posing a threat to the livelihood of five million tobacco farmers in the coun...