Patiala, March 17 - Following the implementation of the Model Code of Conduct for the Lok Sabha Elections 2024, the Punjab Taxation Department has seized around Rs 5 crore worth of gold and diamond jewelery being smuggled from a private vehicle amid increased road patrolling. have done Giving this information, Additional Commissioner of Tax Department Jeevan Jot Kaur disclosed that, as per the guidelines of Additional Chief Secretary (Taxation), Punjab Vikas Pratap Singh and Tax Commissioner, Punjab Varun Rujam, during the upcoming Lok Sabha Elections 2024, through strict road checks. A drive to detect tax evasion has been launched. He said that during this initiative, which started immediately after the adoption of the Model Election Code, a team under the leadership of STO Hukum Chand Bansal, who was posted under the supervision of ACST Pardeep Kaur Dhillon, SIPU Patiala, received reliable information. On the basis of Rs. 5 crore worth of gold and diamond ornaments have been seized.
Additional Commissioner of Tax Department Jeevan Jot Kaur further said that the state tax officer received reliable intelligence about the transportation of a large quantity of precious metals in a white color Innova car registration number CH 01 BQ 0402 to Chandigarh from Bathinda. c | After a wide pursuit of the vehicle, the vehicle was intercepted near Toll Plaza Kalajhar (Bhavanigarh-Patiala Road) at around 10:51 pm on March 16 last night. He further stated that the owner of the goods failed to submit the required documents as mandated by the provisions of the GST Act, 2017.
Meanwhile, preliminary physical verification confirmed that gold and diamond studded jewelery including rings, bangles, choker sets and necklaces etc. were seized on the spot, in the absence of proper and authentic documents. However, further investigation is being done to ascertain the actual value of the goods and to verify the accompanying documents.
Jeevanjot Kaur asserted that after the valuation of gold and diamonds is completed, the concerned firm will have to pay a heavy fine for tax evasion.