https://www.taxtmi.com/news?id=48064 Illicit trade and cross-border smuggling have intensified as economic growth attracts sophisticated networks trafficking narcotics, gold, liquor, cigarettes, and luxury goods. Indian Customs has intensified vigilance and enforcement across land, air, and sea to protect borders and legitimate commerce. Industry analysis links smuggling to cost arbitrage created by high indirect taxes and regulatory gaps, noting substantial illicit markets across FMCG, alcohol, tobacco, textiles and apparel that undermine businesses, distort competition, and reduce government tax revenues. en-us Mon, 30 Jun 2025 21:31:03 +0530 Mon, 30 Jun 2025 21:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48064 Illicit trade and cross-border smuggling have intensified as economic growth attracts sophisticated networks trafficking narcotics, gold, liquor, cigarettes, and luxury goods. Indian Customs has intensified vigilance and enforcement across land, air, and sea to protect borders and legitimate commerce. Industry analysis links smuggling to cost arbitrage created by high indirect taxes and regulatory gaps, noting substantial illicit markets across FMCG, alcohol, tobacco, textiles and apparel that undermine businesses, distort competition, and reduce government tax revenues. News - Mon, 30 Jun 2025 21:31:03 +0530 https://www.taxtmi.com/news?id=48064