Mastermind in Rs 189 Crore Customs Duty Evasion Arrested
The Directorate of Revenue Intelligence's Ludhiana unit has apprehended a key figure in a massive customs duty evasion case worth Rs 189 crore. The accused, who had been evading authorities for over a year, was involved in diverting duty-free imports using dummy firms, thus avoiding hefty import duties.
- Country:
- India
The Directorate of Revenue Intelligence (DRI) in Ludhiana has apprehended an alleged mastermind behind a significant customs duty evasion scandal, amounting to Rs 189 crore. The accused had reportedly been evading capture for over a year, through diversion of duty-free imports via dummy firms.
According to officials, the alleged fraud involved importing goods under bonded warehouse licenses, which were meant for export production. However, the imported goods were diverted to the domestic market without the required duty payments, which constituted 100 percent of the goods' value.
Further, the DRI stated that in order to falsely satisfy export obligations, the accused attempted to export counterfeit products manufactured from extraneous materials. The individual was presented in court and is now in DRI custody for continued investigation.
(With inputs from agencies.)
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