In the past three financial years (FYs), the Enforcement Directorate (ED) has registered 3,110 cases under the Prevention of Money Laundering Act (PMLA) and 12,233 cases under the Foreign Exchange Management Act (FEMA)..The information was revealed by the Ministry of Finance in response to a question in the Lok Sabha by Alwar Member of Parliament Balak Nath.The financial year-wise distribution is as follows:.Another answer by the Ministry in response to a question by Vadodara MP Ranjanben Dhananjay Bhatt stated that over the past four financial years (FYs), including the current one, a total of 43,516 cases of Goods and Services Tax (GST) evasion were registered. These cases involved evasion amounting to ₹2,68,537 crore detected by the authorities. However, during the same period, only ₹76,333 crore could be successfully recovered.Furthermore, in these four FYs, 1,020 individuals involved in GST evasion were arrested.The FY-wise distribution is as follows:.Furthermore, the Ministry revealed that in the past five FYs, the Income Tax (IT) Department conducted a total of 3,946 searches, resulting in the seizure of assets worth ₹6,662.52 crore.During the same period, the Department conducted 30,828 surveys, with 28,121 of them being carried out between April 2018 and March 2020..The Department filed 5,493 prosecutions during this period, while also compounding 5,298 cases and securing convictions against 250 individuals..During the last four FYs (including the current one), the Customs Department detected 42,754 cases of outright smuggling involving ₹45,965.64 crores.The FY-wise distribution is as follows:.The Department also detected 11,565 cases of commercial fraud amounting to ₹82,989.15 crores. The duty involved in these cases was ₹21,225.46 crores..[Read Questions and Answers]
In the past three financial years (FYs), the Enforcement Directorate (ED) has registered 3,110 cases under the Prevention of Money Laundering Act (PMLA) and 12,233 cases under the Foreign Exchange Management Act (FEMA)..The information was revealed by the Ministry of Finance in response to a question in the Lok Sabha by Alwar Member of Parliament Balak Nath.The financial year-wise distribution is as follows:.Another answer by the Ministry in response to a question by Vadodara MP Ranjanben Dhananjay Bhatt stated that over the past four financial years (FYs), including the current one, a total of 43,516 cases of Goods and Services Tax (GST) evasion were registered. These cases involved evasion amounting to ₹2,68,537 crore detected by the authorities. However, during the same period, only ₹76,333 crore could be successfully recovered.Furthermore, in these four FYs, 1,020 individuals involved in GST evasion were arrested.The FY-wise distribution is as follows:.Furthermore, the Ministry revealed that in the past five FYs, the Income Tax (IT) Department conducted a total of 3,946 searches, resulting in the seizure of assets worth ₹6,662.52 crore.During the same period, the Department conducted 30,828 surveys, with 28,121 of them being carried out between April 2018 and March 2020..The Department filed 5,493 prosecutions during this period, while also compounding 5,298 cases and securing convictions against 250 individuals..During the last four FYs (including the current one), the Customs Department detected 42,754 cases of outright smuggling involving ₹45,965.64 crores.The FY-wise distribution is as follows:.The Department also detected 11,565 cases of commercial fraud amounting to ₹82,989.15 crores. The duty involved in these cases was ₹21,225.46 crores..[Read Questions and Answers]