Unauthorized Gold Cost over INR 42 Crore Detected, Reports from Jewellers

A day after the Income Tax authorities started leading studies on gem specialists the nation over, unaccounted gold stocks worth more than INR 42 crore have been recognized and conveyed to duty appraisal.


The finance ministry has educated all its intelligence agencies in order to join the crackdown on big diamond jewellers and hawala administrators other than tracking movement of demonetised money notes. The Enforcement Directorate (ED) and the Directorate General of Central Excise insight (DGCEI) have now joined the pay charge office in the crackdown.

A senior DGCEI official affirmed to media personals that its authorities have as of now went to 250 major jewellers and bullion merchants in at least 25 urban communities and looked for stock positions from them throughout the previous four days, since 7th November.  On Friday, the I-T authorities seized INR 50 lakh of the demonetised coin notes of 500 and 1,000 rupee from a traveller at the Delhi airport terminal on his entry from Hyderabad.

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