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Government detects Rs.13,620 crore tax evasion

Delhi,Business/Economy, Tue, 10 Apr 2012 IANS

New Delhi, April 10 (IANS) The tax authorities detected evasion of Rs.13,620 crore in excise and service taxes in the first 11 months of fiscal 2011-12, the finance ministry said Tuesday.


The Central Board of Excise and Customs detected a total central excise and service tax evasion amounting to Rs.3,333.28 crore and Rs.10,286.73 crore respectively up to February, 2012, the finance ministry said in a statement.


"Further, during the investigation, central excise duty and service tax amounting to Rs.972.69 crore and Rs.1,182.64 crore respectively has also been realised," it said.


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