Excise department seizes gold worth Rs 20 lakh near Kartarpur
The mobile wings of excise and taxation department recovered 700 gm gold ornaments from two Delhi-based persons travelling in Volvo bus near Kartarpur on Sunday morning.punjab Updated: Jun 12, 2016 14:36 IST
The mobile wings of excise and taxation department recovered 700 gm gold ornaments from two Delhi-based persons travelling in Volvo bus near Kartarpur on Sunday morning.
They were smuggling the consignment from Delhi’s Karol Bagh to jewellers in Amritsar. The accused have been identified as Shambu Kumar Yadav and Chinmay of various localities in Delhi.
In a press conference, assistant excise and taxation officer (AETC) (mobile wing) Sukhwinder Singh said a team led by excise and taxation officer (ETO) Ajay Kumar Sharma laid a trap in Kartarpur over inputs about smuggling of gold from Delhi and stopped a Volvo bus (UP 22-T-0101) for checking.
During the inspection, the team seized two packets containing 700 gm gold ornaments, estimated at the cost of Rs 20 lakh, from both of them.
The men carrying the consignment failed to produce the sale and purchase bill or submit any electronic information collection (EIC) at the department’s website to enable them to carry these in the state, hence, the team members seized the gold.
AETC told that a fine Rs 10. 20 lakh would be imposed on the supplier who would be identified from the interrogation of both nabbed couriers.
He said, “Suppliers do not want to pay tax being levied on the gold ornaments. That’s why they use such mediums.”
First Published: Jun 12, 2016 14:35 IST