Over Rs 58,000 crore in taxes lost due to illicit trade in FMCG, mobile, tobacco, alcohol industry: Ficci report
The Central government is estimated to have lost as much as Rs 58,521 crore in taxes in 2019-20 due to illicit trade in goods in 5 key industries. A Ficci report, titled ‘Illicit Markets: A Threat to Our National Interests’ by FICCI’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE), has identified FMCG, … Read more