Gold, Silver Stocks Worth Rs 8 Crore Seized From 3 Gudur Jewellery Shops

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Vigilance officials conducted surprise inspections at three jewellery shops in Gudur to check for tax evasion.
The inspection revealed discrepancies between the physical inventory and recorded stocks.
Officials seized the excess gold and silver valued at approximately eight crore rupees.
Shop owners have been given one week to present documentation for the seized items.

Verification of documents provided by shop owners for the seized gold and silver.
Determination of whether applicable GST was paid on the stocks.
Final assessment of tax evasion and subsequent enforcement actions.

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Named India · Manasa Jewellery · Nikitha Jewellery · Sri Saravana Jewellery · Gudur · K. Narasimha Rao · K. Srinivasa Rao · K. Vishnu Rao · Nellore

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