![](https://www.ficcicascade.in/wp-content/uploads/2018/08/1417410549-7761.jpg)
44% increase in manufacturing sector losses due to illicit trade: study
Illicit trade in seven major manufacturing sectors has increased industry losses by 44 per cent in two years, said a study. Government tax (direct and indirect) losses have also increased almost 50 per cent to Rs 39,239 crore in 2014, from Rs 26,190 crore in 2012 due to this.
Federation of Indian Chambers of Commerce and Industry (Ficci) and the Committee Against Smuggling And Counterfeiting Activities Destroying the Economy (Cascade) commissioned the study, which focused on seven prime manufacturing sectors — auto components, alcoholic beverages, computer hardware, fast moving consumer goods (personal), FMCG packaged foods, mobile phones, tobacco and media and broadcasting.
Related Posts
Nigeria: Investigation – How Multibillion Naira Illicit Tobacco Trade Thrives
Officials say fake cigarettes are huge public problems to Nigeria, heightening...
New Evidence: Plain Packaging Drives Up Tobacco Sales In Australia
New evidence has emerged showing a marked increase in youth smoking and tobacco...
Man On Wheelchair Caught At Delhi Airport For Smuggling Gold.
08, October 2018 | NDTV NEW DELHI: Customs officials at Delhi airport have...
Men Jailed Over Tobacco Smuggling
Two lorry drivers who tried to smuggle cigarettes and tobacco into the UK through...