HomeNewsBusinessDGCEI detects tax evasion worth Rs 15,047 crore

DGCEI detects tax evasion worth Rs 15,047 crore

The intelligence arm of the finance ministry detected service tax and excise duty evasion worth Rs 15,047 crore in the last fiscal, as against Rs 12,112 crore in 2015-16.

April 28, 2017 / 15:03 IST
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February 02, 2018 | -839.91 | Reason: Stricter tax rules for stock investments and the easing of fiscal deficit
February 02, 2018 | -839.91 | Reason: Stricter tax rules for stock investments and the easing of fiscal deficit

The intelligence arm of the finance ministry detected service tax and excise duty evasion worth Rs 15,047 crore in the last fiscal, as against Rs 12,112 crore in 2015-16.

The Directorate General of Central Excise Intelligence (DGCEI) also arrested 13 tax evaders and registered 1,500 cases of evasion in 2016-17, up from 1,150 the year before.

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A sum of Rs 2,410.66 crore was recovered in 2016-17, about 22 percent more than the Rs 1,975.45 crore realised by it in 2015-16.

DGCEI Director General R K Mahajan said "hard efforts" put in by its officers led to the detection of evasion and recovery of money. "Officers had to travel to