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Search operations in related premises continue with recovery of Rs 17 crore, 64 kg gold and 600 kg sandalwood oil worth Rs 6 crore The Ahmedabad unit of Directorate General of GST Intelligence (DGGI) on 22.12.2021 initiated search operations in Kanpur at the factory premises of manufacturersof Shikhar brand Pan Masala and Tobacco products,the office/Godowns ofM/s Ganpati Road Carriers, Transport Nagar, Kanpur, and the residential/factory premises ofM/s Odochem Industries, suppliers of perfume
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FAQ :
DGGI Ahmedabad seized over Rs 177 crore in cash, along with Rs 17 crore in cash, 23 kg of gold, and 600 kg of sandalwood oil worth approximately Rs 6 crore.
The search operations were conducted at the premises of manufacturers of Shikhar brand Pan Masala and Tobacco products, M/s Ganpati Road Carriers, and suppliers of perfumery compounds, M/s Odochem Industries.
The searches were initiated following the interception of trucks carrying pan masala and tobacco cleared without payment of GST, indicating clandestine removal of goods.
The total amount of unaccounted cash recovered and seized was Rs 177.45 crore, with an additional Rs 17 crore recovered during searches in Kannauj.
Yes, Shri Peeyush Jain, a partner of M/s Odochem Industries, was arrested for large-scale evasion of GST.
Besides cash, approximately 23 kg of gold and over 600 kg of sandalwood oil hidden in an underground storage were recovered.
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