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DGCEI asks jewellers to submit sale details of gold

Samarth Srivastava

Samarth SrivastavaBy Samarth Srivastava

Published on 11 Nov 2016 3:33 PM GMT

DGCEI asks jewellers to submit sale details of gold
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DGCEI asks jewellers to submit sale details of gold
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New Delhi: In a move to check illegal sale of gold after demonetisation of high-value notes, the Directorate General of Central Excise Intelligence (DGCEI) has directed jewellers to submit the Details of their sale. The data of the sale of yellow metal and ornaments have been asked from over 600 jewellers across 25 cities.

The DGCEI has sent notices to jewellers across the country and seeking details of the gold sales in the past four days, beginning November 7, official sources stated.

It may be mentioned that DGCEI is an intelligence arm working under the Ministry of Finance.

These jewellers have been asked to give details of quantity of stock held by them and sales made during last four days.

The officials said that the teams of DGCEI officials have also visited major jewellery stores and their manufacturing units to serve notices seeking these details. Notices have been served to Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Bangalore, Hyderabad, Bhopal, Vijaywada, Nashik and Lucknow.

The Finance Ministry had earlier directed the jewellers to sell gold and ornaments made from it only if customers provide their PAN details.

Also read:

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Samarth Srivastava

Samarth Srivastava

Employed as sub-editor at newstrack.com. A learner, who loves covering sports, entertainment and defence kind of stuff.

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