Govt detects Rs 2540 cr evasion of excise, service tax

The Mumbai unit of Directorate General of Central Excise Intelligence has detected over 464 cases involving the evasion of excise duty and service tax to the tune of Rs 2,540 crore, and recovered Rs 230 crore during the last fiscal.

Tax evasion of over Rs 2,600 crore detected

Coming down heavily on tax defaulters, financial intelligence agencies have detected tax and duty evasion of over Rs 2,600 crore in the last quarter ended December.