Counterfeiting & smuggling to cost govt Rs 1.6 trillion by 2016: Ficci
Counterfeiting and smuggling activities have been increasing at an annual rate of 15% in the country and would cost government Rs 1.6 trillion by 2016, revealed the Federation of Indian Chambers of Commerce and Industry’s (Ficci) anti-counterfeiting committee on Friday.
The revelation was made during a 90-minute programme held by the Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (Cascade) here. The programme was aimed at sensitizing police officers about the impact of counterfeit and smuggled goods.
Related Posts
Fake Makeup Products Contain Poisonous Chemicals, Human Urine, Rats’ Droppings
We all love a good bargain, but the Police Intellectual Property Crime Unit...
Mumbai: DRI Seizes Smuggled Gold, Silver Along With US Currency, Total Worth ₹10.48 Cr
Mumbai: On the basis of a specific intelligence that gold smuggled from Africa...
Tobacco Smuggling Rises Explosively as Gov’t Is Set to Raise Cigarette Price
As the government’s decision to raise the cigarette prices by 80 percent from...
DRI arrests fake currency handler; seizes Rs 2000 notes from his possession
Directorate of Revenue Intelligence (DRI) on Tuesday arrested fake currency note...