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
Andhra Pradesh: SEB, police destroy liquor worth about ₹2 crore
60,000 liquor bottles were destroyed in the operation, says SEB officials....
Gurgaon: Truck with illegal liquor seized, police conduct searches
The Gurgaon police have conducted searches on Saturday in Panipat in connection...
Three arrested on attempt to smuggle foreign cigarettes.
26, November 2018 l News First Three individuals who had attempted to smuggle...
Fake Toyota parts worth Dh26m seized in UAE.
Al Futtaim Toyota, in partnership with UAE government authorities, has completed...