ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504, ficci@ficci.com

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

Incidents of cigarettes, tobacco smuggling jump 136% in 2 yrs: FICCI 

Business Standard , Mar 27, 2018

Incidents of cigarettes and tobacco products smuggling in India increased by 136 per cent in 2016-17 from 2014-15, according to a report by FICCI CASCADE.

The number of incidents of smuggling of cigarettes and tobacco products increased to to 3,108 cases in 2016-17 from 1,312 cases in 2014-15, it added.

FICCI CASCADE, an industry body working on addressing the issue of illicit trade activities in India, also said that while there is an increase in vigilance by enforcement agencies, seizures were only the tip of the iceberg of a much larger and threatening operation in illegal trade in the country.

Maximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said.

The report said the total loss to the government on account of illicit trade in just seven manufacturing sectors was Rs 392.39 billion in 2014.

The maximum revenue loss to the exchequer on account of counterfeiting and illicit trade is tobacco products at Rs 91.39 billion followed by mobile phones at Rs 67.05 billion and alcoholic beverages at Rs 63.09 billion, the report added.

"The market for contraband and smuggled goods is thriving in India and is today one of the biggest challenges faced by Indian industry," it said.

 

 

Also Read

Combating Counterfeiting and Smuggling - An Imperative to Accelerate Economic Development

Companies urged to report counterfeit products     

Tobacco, cigarette smuggling surges     

Smuggled goods spike industry losses by 44%     

FICCI cautions on smuggled goods     

FICCI meet highlights menace of counterfeit products     

Cigarette, tobacco smuggling incidents jump 136% in 2yrs: Report     

FICCI meet highlights menace of counterfeit products     

FICCI to organise awareness workshop on counterfeiting and piracy     

FICCI meet highlights menace of counterfeit products     

FICCI raises awareness on smuggled and counterfeit goods by organizing seminars nationally     

Event:

 Seminar on Combating Counterfeiting and Smuggling - An Imperative to Accelerate Economic Development