Wayanad Excise team’s recent gold catch from Excise Check Post at Tholpetty points towards a popular jewellery in Kozhikode.The gold carriers told the investigating officers that the gold was transporting to this jewellery.
Six persons from Bangalore were taken into custody on this regard.
The smugglers escaped Karnataka police ,tactfully.However,the brilliant move by Kerala Excise team at Wayanad caught them in the wee hours.
The jewellery move was a tax evasion for Rs.65 lakh and more.
Which is this jewellery?
The offenders told the investigating team that they were transporting the gold ornaments cost Rs.10 crore to Malabar Gold, one of the popular brands in Kozhikode.
According to the probing team ,the jewellery might have taken similar methods for tax evasion by using youths in other states.
The tax evasion amount is only applicable to gold cost alone. However,the seized items are finished gold ornaments.This means its tax is also varied.
The department of Income Tax and Sales Tax interrogated the smugglers for hours.
Finally,they were said to be ready to pay the tax to avoid legal issues.
The jewellery is under scanner.