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1. 

DRUG CAPSULES IN TALCUM POWDER - Brazilian national held with Rs. 2.5cr cocaine at airport.

13-08-2018

Flew In From Ethiopia, Was Going To Delhi

Mumbai: A Brazilian national was caught by the Customs with 457gm cocaine worth Rs 2.5 crore at Mumbai international airport early on Sunday. The cocaine was concealed in capsules which were hidden inside talcum powder bottles read more »

2. 

Smuggling of gold from HK: Bizman held.

13-08-2018

Mumbai: A businessman from Surat was arrested on Sunday for allegedly being a part of a smuggling gang that used to conceal gold in electronic gadgets and smuggled them into India through cargo. Directorate of revenue intelligence (DRI) officials arrested Mahesh Popatbhai Italia after Khawaja Moinuddin Shaikh, read more »

3. 

Rs. 10 crore gold smuggled from HK seized at airport.

07-08-2018

Mumbai: In a single day, 36kg gold worth Rs 10 crore, smuggled in via an air courier in two consignments from Hong Kong, was seized at the airport by customs and directorate of revenue intelligence (DRI) officials on Friday night.

Both agencies were working read more »

4. 

GST? What GST?

07-08-2018

It is almost 11 months since the Goods and Services Tax (GST) came into being. Yet, the necessary consequential changes have not been made in the Spe­cial Economic Zones (SEZ) Act, 2005, or the SEZ Rules, 2006.

There is no mention of GST read more »

5. 

Smugglers go via Hong Kong, get Rs. 5cr gold in electronic items.

06-08-2018

Mumbai: The Directorate Revenue of Intelligence (DRI) busted a major gold smuggling racket wherein the gang used to hide gold bars in power supply electronic devices. In a big seizure this year, DRI seized 18 kg of gold bars worth Rs 5.4 crore cleverly concealed inside electronic read more »

6. 

Sanitary napkin makers face scrutiny on sharing GST gains - No Duty Cuts For MSMEs - Rules Likely To Be Eased Today.

04-08-2018

New Delhi: The finance ministry is conducting a cost calculation of sanitary napkin manufacturing to see if the benefits from GST waiver have been fully passed on to consumers or not, even as it appeared satisfied with sharing of gains for other products on which rates have read more »

7. 

Gold pipes, bars hidden in roller skates, underwear seized from flyers - Three arrests in two cases at the airport.

03-08-2018

In two separate cases, the Customs department at the Mumbai airport seized crude gold pipes cleverly concealed inside roller skates and gold bars hidden in undergarments from two Indians upon their arrival from Riyadh and Dubai.

Another person, who was waiting at the arrival read more »

8. 

Air passenger held with gold concealed in pair of skates.

03-08-2018

Mumbai: A passenger from Riyadh was booked for trying to smuggle in gold concealed in a pair of skates he was carrying along. He was among three booked by airport Customs in two gold smuggling cases worth Rs 72 lakh recently.

Last Friday, officials read more »

9. 

GST collections surge to 3-month high in June.

02-08-2018

New Delhi: GST collections were at three month high in June with the total mop-up estimated at Rs 96,483 crore, a shade lower than the monthly target of Rs 1 lakh crore.

The gross mop-up, highest since March, is in line with the target read more »

10. 

TAX BENEFITS - Anti-profiteering body seeks Airtel, IndiGo’s inputs on GST.

31-07-2018

New Delhi: The GST antiprofiteering authority has sought inputs from Bharti Airtel and budget airline IndiGo on whether GST or credit allowed on inputs in the new regime has created room for reduction in prices.

Taking suo moto cognisance of the impact of GST read more »

11. 

Sanitary napkins to be 1.5-2.5% cheaper, not 12%.

27-07-2018

Mumbai: With the government not giving in to the demands of the Feminine and Infant Hygiene Association (FIHA) to provide input tax credit (ITC) on sanitary napkins, large organised players are said to be working on reducing product prices in the range of 1.5-2.5%. Contrary to the read more »

12. 

Has GST filing time been cut to a third? - No, Say Experts.

27-07-2018

New Delhi: The government on Thursday said GST has reduced the number of tax filings for businesses, while slashing the preparation, filing and tax payment time to 36 hours, which is almost a third of the 105 hours that were spent earlier, drawing a sharp response from read more »

13. 

DRI sleuths arrest ‘gold smuggler’ after 45-min chase from CSMT to sea link.

27-07-2018

Mumbai: Directorate of Revenue Intelligence (DRI) officials nabbed Mohammad Jamadar, vice-president, South Mumbai District Congress, on Thursday in an alleged 15kg gold smuggling racket after a 45-minute car chase from CSMT to Bandra-Worli sea link.

The DRI sources said that Jamadar was the mastermind read more »

14. 

Foreign currency racket busted, eight held, Rs. 2.7cr seized.

27-07-2018

The Directorate of Revenue Intelligence (DRI) has busted a foreign currency smuggling racket at the international airport and arrested eight people in the past two days.

DRI intercepted four passengers headed to Dubai and Bangkok on two separate flights and a search resulted yielded read more »

15. 

Rs. 2cr gold bars seized from city hotel room.

26-07-2018

Mumbai: Crime branch officials have busted a smuggling racket and arrested five people, including two women.

Police said the contraband was smuggled in through Pune international airport and sold in Zaveri Bazar in Mumbai, and Chennai.

The crime branch has recovered read more »

16. 

White goods sales set to surge on 7-8% price cut.

24-07-2018

New Delhi: The white goods industry is anticipating a bumper festive season as the latest round of duty cuts in GST is expected to combine with gains from a healthy monsoon to spur demand in rural and urban areas. The industry had a dull festive period last read more »

17. 

GSTN’s IT tools to track evaders.

24-07-2018

New Delhi: GST Network (GSTN) is developing IT tools to help the government crackdown on evaders as well as those who have stopped filing returns.

Even as returns are not being matched currently, GSTN is testing a tool for tax officers at the Centre read more »

18. 

No fresh relief for Vaishno Devi, Amarnath trusts.

23-07-2018

New Delhi: The government has rejected requests from the Shri Amarnathji Shrine Board and the Shri Mata Vaishno Devi Shrine Board to exempt all services provided by them from GST.

The fitment committee has suggested that several services — such as sale of prasad read more »

19. 

Hotels breathe easy with tax on actual rate.

23-07-2018

New Delhi: The next time you stay in a five-star, the hotel will no longer have to offer you their ‘European Plan’ (EP) — which includes only basic room rate (no breakfast) — in order to have the lowest rack rate of below Rs 7,500 and avoid read more »

20. 

States, UTs have up to 43% GST revenue gap - Only Three States Report Surplus Collections.

23-07-2018

New Delhi: Only three states — Manipur, Mizoram and Arunachal Pradesh — have reported surplus GST collections compared with the average monthly revenue they should earn to ensure that the Centre does not have to compensate them for any loss.

At the other end read more »

21. 

Sanitary napkin makers need to pass on entire gain.

23-07-2018

New Delhi: Leading sanitary napkins manufacturers, such as P&G and Johnson & Johnson, will have to pass on almost the entire gain from the GST exemption to consumers. Additionally, these manufacturers cannot take refuge in loss of input tax credit (ITC) to pocket some of the benefit read more »

22. 

Footwear, Small-TV Sets Seen As Items For Arbitrage.

23-07-2018

New Delhi: You can blame businesses for tax evasion but not for tax planning. Within hours of the GST Council reducing rates on 88 items, companies and tax consultants have got down to look at ways on how to make the best use of the mechanism to read more »

23. 

With exceptions in, cos begin tax planning.

23-07-2018

Within hours of the GST Council reducing rates on 88 items, companies and tax consultants have got down to looking at ways on how to make best use of the mechanism to protect their margins, while staying on the right side of law to avoid anti-profiteering action. read more »

24. 

Politicians opt for GST cuts despite officials raising concerns.

22-07-2018

New Delhi: Pragmatic considerations of politicians trumped revenue alerts raised by bureaucrats at the GST Council meeting on Saturday where rates on nearly 100 items were slashed and a plan to raise Rs 10,000 crore by extending the levy to aviation turbine fuel (ATF) and natural gas read more »

25. 

GST Council okays quarterly returns, nearly 90% of businesses set to gain.

22-07-2018

New Delhi: The GST Council on Saturday opted to reduce the biggest niggle for businesses by allowing quarterly filing of returns by those with annual turnover of up to Rs 5 crore, a move that will benefit nearly 90% taxpayers.

The move was part read more »

26. 

In pre-poll sop, govt slashes GST on 100 mass-use items - White Goods Move From 28% To 18% Bracket.

22-07-2018

New Delhi: The GST Council delivered a fresh round of rate cut on Saturday to benefit consumers, slashing the levy on nearly 100 items, including white goods, sanitary napkins, handicrafts, perfumes and paints, in what was seen as a pre-election bonanza. It also eased the burden for read more »

27. 

Rs. 5CR SEIZURE SO FAR - Ethiopian dentist among 3 held with drug leaves.

20-07-2018

Mumbai: Three foreigners were arrested with 40 kg of a narcotic drug which was being flown in to Mumbai by a domestic flight from Delhi early this week.

The arrested accused are - Ethiopians Amir Abdul Razak (27), a dentist, and Abdul Aziz Yusuf read more »

28. 

Nod to import of new vehicles from Vizag port.

15-07-2018

The Government has added Vishakhapatnam port to the list of ports and Inland Container Depots (ICDs) for importing new vehicles. "Vishakhapatnam port is being added to the list of 15 existing ports/ICDs, thereby taking the total number of ports/ICDs to 16, for importing new vehicles," read more »

29. 

Calcutta HC restricts DRI's seizure powers.

13-07-2018

Confiscation of goods only by officers 'identified' through prior order

            THE VERDICT

Ø  DRI, Kolkata zonal unit, received specific information with regard to read more »

30. 

Rs. 3,000cr diamond import scam busted - Four Held For Over-Valuing Precious Stones For Payment In Black Money.

13-07-2018

Mumbai: The directorate of revenue intelligence (DRI) has busted a multi-crore import scam where it said diamond merchants with the connivance of valuers inflated the value of the precious stones brought into the country and used this route to transfer black money out of the country. The read more »

31. 

2 women held with gold in private parts.

11-07-2018

Mumbai: Four people who allegedly tried to smuggle in more than 6.4 kg of gold worth Rs 1.80 crore were arrested at the city airport on Tuesday in two cases. Besides, 1 kg of gold worth Rs 27 lakh was found beneath a seat of an aircraft.

read more »

32. 

Govt proposes changes to GST law.

10-07-2018

New Delhi: The government has proposed several amendments to the GST law to make it more business-friendly and allow tax credits that will help lower the burden. Several genuine transactions, which were earlier not eligible for input tax credit (ITC), will now be eligible.

read more »

33. 

Petroleum products under GST in stages: Adhia

07-07-2018

New Delhi: Finance secretary Hasmukh Adhia on Friday said the all-powerful GST Council will consider bringing petroleum products under goods and services tax (GST) and it could happen in phases. Central Board of Indirect Taxes and Customs chairman S Ramesh said although there is demand for bringing read more »

34. 

Customs refuses to share details of missing gold worth Rs. 31 crore.

06-07-2018

The Customs Department has refused to share details on cases of gold missing from its secure vault at Delhi International Airport, citing an RTI clause that bars disclosure of information which would impede the process of investigation or apprehension of offenders.

It also read more »

35. 

Contradictory AARs : A speed bump for GST.

02-07-2018

In July, 2017, India witnessed the introduction of the Goods and Services Tax (GST), which has since been dubbed one of the country's most radical eco­nomic reforms. Given the magnitude of the change, initial teething issues were inevitable.

While read more »

36. 

A year since GST, state govt’s coffers fuller by 28% - Revenues rose from 90,525 cr to Rs 1.15L-cr.

02-07-2018

The criticism be damned, GST has brought in more moolah for the state government. Its coffers have seen an increase of 28.08 per cent since the GST regime was enforced.

In 2016-17, the government earned Rs 90,525 crore through value added tax (VAT). But read more »

37. 

Flyer caught with cannabis hidden in pumpkins - Karnataka man was taking the drug shipment to Doha when he was held at the city airport.

02-07-2018

An air passenger was arrested at the Mumbai airport on Sunday for allegedly trying to smuggle cannabis hidden in two big pumpkins to Doha, Qatar.

Mohammad Sarwan, who hails from Karnataka, was initially detained by the Air Intelligence Unit (AIU) of Mumbai Customs when read more »

38. 

GST collection in June at Rs. 95,610cr, says govt.

02-07-2018

New Delhi: The government has collected Rs 95,610 crore from goods and services tax (GST) in June, finance secretary Hasmukh Adhia said on Sunday, asserting that the new tax measure has settled down well and has hardly had any adverse impact on inflation.

GST read more »

39. 

GST helping states expand tax base, build resources for development: Jaitley

02-07-2018

New Delhi: GST is expanding the tax base of the less consuming states which will provide more resources for them for development purposes, Union minister Arun Jaitley said on Sunday, exuding confidence that tax buoyancy will increase as more anti-evasion measures are put in place.

read more »

40. 

Milk and Mercedes can’t be taxed at same rate, says PM - Rules Out Single Rate, Says GST Designed To End Inspector Raj.

02-07-2018

New Delhi: PM Narendra Modi ruled out a single goods and services tax (GST) rate saying milk and Mercedes cars could not be taxed at the same rate and slammed the Congress for suggesting a single rate which would make commonly used food items more expensive.

read more »

41. 

Flyer to Doha stuffs drugs worth Rs. 4L in pumpkins, lands in the soup.

02-07-2018

Mumbai: Vegetables truly have many benefits. Using them to stash drugs is just one. A 25-year-old man who had come up with a ingenious way of carrying marijuana (ganja) hidden in two pumpkins was arrested at Chhatrapati Shivaji International Airport in Sahar late on Saturday just before read more »

42. 

Nil GST on completed projects offers loophole.

02-07-2018

Mumbai: While GST on under-construction flats is a dampener on sales, some builders have found a way out. They show the booking amount as a ‘loan’ given by the buyer to its subsidiary company and once the building is ready and occupation certificate (OC) obtained, the builder read more »

43. 

With GST mop-up set to beat estimate, govt hints at rate cuts.

01-07-2018

New Delhi: The government indicated on Saturday that it may reduce GST rates in the coming months as collections are expected to top the budgeted estimate by Rs 1 lakh crore.

“If revenues increase, the Centre will want to pass on the benefit to read more »

44. 

One year of GST - A mixed bag for home buyers, developers - Buyers opt for OC-ready homes to save tax, developers want a relook.

30-06-2018

As the implementation of Goods and Services Tax (GST) completes a year on July 1, 2018, real estate developers have mixed feelings about the impact of the tax reform and have demanded that the government tweak certain aspects to benefit the real estate industry as well as read more »

45. 

ONE YEAR OF GST - GST data may be used to book trucks.

30-06-2018

New Delhi: E-way bills were meant to speed up shipments on road and improve tracking to check leakages. But it is throwing up data, which can now be used by transporters and companies for better logistics management.

The GSTN, which has put in place read more »

46. 

Riding a truck to get e-way bill experience - TOI Travels 500km With Drivers, Who Say New Regime Has Made It A Smooth Drive.

30-06-2018

It’s 10pm as Raju checks the documents and the e-way bills before switching on the stereo. Kishore Kumar’s “Jai Jai Shiv Shankar” wafted from the speakers, as he steered the truck out of the loading bay of a logistics hub in Manesar. Carrying auto parts, the Haryana-registered read more »

47. 

Two arrested, drugs worth ?6crore seized.

29-06-2018

Mumbai: Directorate of Revenue Intelligence (DRI) claims to have busted a drug smuggling racket with the arrest of two persons on Wednesday.

According to officials, the duo was sending the prohibited drug Methaqualone and two other drugs used for treatment of erectile dysfunction and read more »

48. 

Smugglers using neo-age alchemy to change form of gold.

28-06-2018

Some time ago, Customs sleuths at the Cochin International Airport seized over three kilograms of gold in compound form from a Thrissur native.

The person, who had been working as a driver in Doha, was returning home after two read more »

49. 

Reopening duty-free shop at Trivandrum airport : Customs challenges Court's order.

27-06-2018

Central Government has filed an appeal before the Kerala High Court challenging a single bench's interim order to reopen the duty-free shop at Tri­vandrum International Airport that was closed following alleged tax evasion and illegal sales of liquor by misusing traveler data.

read more »

50. 

ONE YEAR OF GST - ‘Stable revenue must for fewer GST slabs’ - Wider Tax Base A Major Achievement: Adhia.

27-06-2018

Finance secretary Hasmukh Adhia is seen as a key driver of the rollout of GST. He spoke to TOI about the experience so far and the plan ahead. Excerpts:

It’s been a year since GST was rolled out. How do you look at the last 12 read more »

51. 

DRI busts major gold smuggling racket at Delhi Airport.

21-06-2018

A major gold-smuggling syndicate, that has smuggled in over 100 kgs. yellow metal in past one year, active at Delhi and Dhaka International Airports has been busted by the Directorate of Revenue Intelligence (DRI).

Eight people, including the mastermind father-son duo, have been read more »

52. 

Getting threats from smugglers : Customs Commissioner in Kochi.

17-06-2018

Commissioner of Customs (Kochi) Sumit Kumar on 16-06-2018 said he has been getting threats and was being pressured to get into "passive mode". In 3 Facebook post, he said, "I deal daily with smugglers inside and outside my formation and their friends/ abettors in and out of read more »

53. 

India mulls Customs duty hike on 30 US products.

16-06-2018

India has now submitted a revised list of 30 items, including motor cycle, certain iron and steel goods, boric acid and lentils, to the WTO on which it pro­poses to raise Customs duty by up to 50 per cent.

As duties hiked by read more »

54. 

Dealers of imported sports goods under Taxman's lens - Tax axe over endorsement pacts.

13-06-2018

Does getting a sport star to endorse a brand or sponsoring a sports event be treated as imports?

The intelligence arm of the Tax Department seems to think so. They con­tent many dealers of imported sports goods and equipment unvalued their im­ports and read more »

55. 

Foreign tourists may soon .get GST refund on local purchases.

11-06-2018

Foreign tourists may soon get to claim GST refunds at airports at the time of exit as the Revenue Department is working on a mechanism to refund taxes paid by them on local purchases.

Initially, only purchases made by tourists from big retailers read more »

56. 

No tariff concessions for US imports: Govt - On His US Visit, Prabhu Will Raise Issues From Harley Bikes, Visas To Cap On Medical Devices.

09-06-2018

New Delhi: Ahead of commerce and industry minister Suresh Prabhu’s US trip for discussions with trade officials, the government has ruled out any tariff concessions for American imports, arguing that import duties are well within the limits agreed under WTO rules.

Sources told TOI read more »

57. 

Five Sudanese arrested with Rs. 2cr in dollars.

07-06-2018

Mumbai: The Air Intelligence Unit of the Customs on Tuesday arrested five Sudan nationals for allegedly smuggling US dollars equivalent to Rs 2 crore. Officials also arrested an Indian national with 1.2kg gold worth Rs 34 lakh that was concealed in a baggage trolley.

read more »

58. 

Man who smuggled in 100kg gold arrested.

07-06-2018

Mumbai: The air intelligence unit of customs has arrested an Indian national based in Singapore, who is believed to have smuggled in more than 100kg of gold.

The kingpin identified as Prakasham Kannian, who has been running the smuggling syndicate from Singapore, was arrested read more »

59. 

Govt may ease import norms for high-end cars, bikes, e-vehicles.

05-06-2018

New Delhi: Indian roads may see a rush of top-of-the-line electric vehicles, luxury cars, vans and superbikes, with the government all set to liberalise import norms by removing restrictions on price and engine capacities, as well as the mandatory local testing conditions.

The liberalisation read more »

60. 

At Rs. 94,000 crore, GST collection lower in Apr - Govt Draws Comfort From Better Compliance.

02-06-2018

New Delhi: Goods and services tax ( GST) collections were estimated at Rs 94,000 crore in April, higher than their monthly average but lower than the Rs 1 lakh crore mopped up in March.

While the collections are lower than the informal target of read more »

61. 

EFFECT OF PROTESTS - Govt promises to disburse exporters’ Rs. 20k-cr refunds.

30-05-2018

New Delhi: After sitting on GST refunds of close to Rs 20,000 crore, the government on Tuesday promised to clear the dues after a top industry lobby group protested against holding back of funds .

Federation of Indian Export Organisations (Fieo) president Ganesh Gupta read more »

62. 

GODOWNS RAIDED - Rs. 50cr ‘fighter drug’ used by ISIS terrorists seized.

29-05-2018

Mumbai: The directorate of revenue intelligence (DRI) on Sunday raided a godown near Dronagiri at JNPT and seized banned drug worth Rs 50 crore. DRI officials seized 6.09 crore sealed tablets and 2.6 tonnes of Tramadol tablets. The DRI late night on Saturday arrested three people including read more »

63. 

3 Taiwanese held with Rs. 1.8cr gold strapped to waist.

27-05-2018

Mumbai: The Air Intelligence Unit of the Customs on Saturday arrested three Taiwanese for allegedly smuggling 6 kg of gold worth Rs 1.75 crores hidden in their waists.

The Customs have arrested Chiu Chuang Chun, Lai Shu Hui Chiu and Tseng Chao Wei under read more »

64. 

India drags US to WTO on steel, aluminium tariffs.

24-05-2018

Geneva: India has launched a complaint against the US to challenge US President Donald Trump’s tariffs on steel and aluminium, a filing published by the WTO showed on Wednesday. Indian officials said last month that the government would open a WTO dispute if the country’s companies were read more »

65. 

Rs.2 crore Dubai gold smuggled in via Nepal.

20-05-2018

Mumbai: Directorate of Revenue Intelligence (DRI) on Friday busted a gang which had smuggled 7kg of gold bars worth Rs 2 crore from Dubai via Nepal.

Acting on a tip-off, officials laid a trap at LTT, Kurla, where they intercepted Habeeb Edaparambil, Sarfuddin Kothradan, read more »

66. 

Kerala youth held with Rs. 35L drugs at airport.

19-05-2018

Mumbai: Directorate of revenue intelligence (DRI) on Friday arrested a 22-year-old drug carrier from Kerala who was to take a flight from Sahar international airport to Riyadh. When his checked-in baggage was opened, officials found 43 plastic pouches containing red tablets.

“The tablets were read more »

67. 

Three arrested with gold worth Rs. 79 lakh.

19-05-2018

Mumbai: Airport Customs air intelligence unit (AIU) arrested an Air India transport services staff and two others in a 3kg gold smuggling case worth Rs 79 lakh on Friday.

The staffer, Arshad Khan, had collected the gold from a passenger, Anwar Ali, who had read more »

68. 

Kenyan held with 56kg of narcotic leaves worth Rs. 5cr.

18-05-2018

Mumbai: A 24-year-old Kenyan national has been caught for allegedly smuggling 55.8 kg of a banned drug called ‘khat’ or ‘mira leaves’ worth Rs 5 crore. It was probably smuggled from Ethiopia via Dubai.

Khat is a psychotropic substance prohibited under the Narcotic Drugs read more »



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