Tax dept detects Rs 13,620 crore tax evasion in 2011-12
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Govt detects Rs 13,620 cr tax evasion

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

IANS   
  • New Delhi,  April 11, 2012  
  • |  
  • UPDATED   14:26 IST

The tax authorities detected evasion of Rs 13,620 crore in excise and service taxes in the first 11 months of 2011-12, the finance ministry said on 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.