The officers of the Coimbatore CGST Commissionerate uncovered a large-scale case of clandestine gold and jewellery supply without the issuance of invoices.
Acting on intelligence, multiple searches were conducted at wholesale and retail jewellery firms in Pollachi and Coimbatore.
The investigation revealed the use of dual software-one for GST-invoiced transactions and another for unaccounted supplies-pointing to deliberate tax evasion. A significant shortage of 31 kg of gold and 409 kg of silver was detected, and further inquiry indicated that over 305 kg of gold had been supplied without GST, resulting in an estimated tax evasion of Rs. 6.53 crores.
Following these findings, a partner of one of the firms, was arrested.
In a message to CBIC employees, Chairman Sanjay Kumar Agarwal reflected on the recent celebration of Holi, emphasizing its significance as a festival of renewal and triumph of good over evil. He encouraged CBIC personnel to carry the festival’s spirit into their work, promoting a more efficient and cohesive organization.
“The swift and decisive action taken by the officers of the Coimbatore CGST Commissionerate is commendable!,” CBIC Chairman Sanjay Kumar Agarwal said in the newsletter.
In a message to CBIC employees, Chairman Sanjay Kumar Agarwal reflected on the recent celebration of Holi, emphasizing its significance as a festival of renewal and triumph of good over evil. He encouraged CBIC personnel to carry the festival’s spirit into their work, promoting a more efficient and cohesive organization.
The Central Board of Indirect Taxes & Customs (CBIC) has taken a significant step in bolstering global trade efficiency and security by signing the Authorized Economic Operator (AEO) Mutual Recognition Arrangement (MRA) with New Zealand Customs. This landmark agreement is expected to provide substantial benefits to importers and exporters of both nations enrolled in the AEO program, ensuring smoother customs clearances, reduced compliance costs, and enhanced trade facilitation.
The signing of the MRA comes less than a year after the Joint Action Plan was agreed upon, highlighting the strong diplomatic and trade ties between India and New Zealand. The agreement underscores CBIC’s commitment to fostering international partnerships while maintaining stringent security and compliance standards.
Last week, the All India ADG Conference of the National Academy of Customs, Indirect Taxes & Narcotics (NACIN) was held to discuss capacity-building initiatives within CBIC. The conference centered on strategies to transition officers from rule-based to role-based taxpayer services, in alignment with the Viksit Bharat vision.
Key discussions at the event focused on strengthening NACIN’s core competencies, expanding the reach of iGoT courses, standardizing training materials, implementing a Training Management System, and enhancing the infrastructure of Zonal Training Institutes (ZTIs). These initiatives aim to ensure a more effective and proactive approach to governance and tax administration.
With such strategic developments, CBIC continues to reinforce its role in enhancing trade efficiency, security, and capacity-building within the Indian tax administration framework.
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