Mumbai Dri has saved the crores of luxury furniture input fraud, low price and incorrect statement by customized duty

The Mumbai Unit of Revenue Intelligence (DRI) has exposed a major scam in which revenue is stolen by disorders such as incorrect statement and crimes statement. DRI became acquainted with the scam from a specific intelligence formula, after which the authorities acted quickly and attacked business complexes, warehouses, frequency turners, custom brokers and other related places. Investigation revealed that some importers deliberately try to avoid custom duty by showing the value of furniture very low. According to sources, these importers declared 60 to 80 percent lower price than the actual price of luxury furniture in India. In addition, the real nature and class of the product were also declared wrong to utilize low tax rates. DRI officials investigated the documents, invoices and import accounts used in the scam. It is estimated that the initial assessment theft of custom duty worth the rupees of rupees. DRI is now preparing for legal action against the persons and companies involved in these cases under the Customs and Other Covenant Laws Act. This scam not only damages government income, but also raised questions about the transparency and fairness of the import export system. Through this action, Dri once again made it clear that strict steps against the tax evaders will be taken by hiding the price. Experts believe that such cases also indicate that customer authorities and business agencies need continuous training and monitoring, so that such fraud can be caught in time. Share this story -tags