Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Rs 2cr evasion in betel nut imports detected.


Date: 29-03-2016
Subject: Rs 2cr evasion in betel nut imports detected
Ahmedabad: The Surat unit of Directorate of Revenue Intelligence (DRI) along with Ahmedabad zonal unit has detected Rs 2 crore of duty evasion by a firm based in Surat SEZ on imports of betel nuts.

The teams of DRI Surat and Ahmedabad had detained two trucks carrying 36 metric tonnes (MT) of betel nuts worth Rs 70 lakh illegally near Ahmedabad on Friday. Upon investigation it was found that the betel nuts were meant for manufacturing of mouth freshener in Surat SEZ but was diverted to local market illegally.

According to sources, the betel nuts imported from countries like Indonesia to the SEZ were to be used as raw material for making mouth freshener. "The betel nut attracts 111% import duty if imported from certain countries. This firm would import the betel nuts duty free on the pretext of using it as raw material. Then this betel nuts would be sent outside SEZ saying that it was being sent for processing. However, it was diverted to the local market," said a source. The firm used to forge bills of entries and was carrying this illegal activity for quite some time. "The firm has confessed that using the same modus operandi it has diverted 100 MT of betel nuts in the last few months," added the source.

Interestingly, Surat SEZ houses several gems and jewellery units, but in the last few months around four to five units of mouth freshener have come up which use betel nuts in large quantity. The duty drawback on betel nuts varies in accordance with its use in a product's manufacturing.

Further investigation is being carried out in the case.

Source : timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-01-2023
Notification No. 05/2023 - Customs (N.T.)
Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023.

Date: 16-01-2023
Notification No. 04/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 16-01-2023
Notification No. 03/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation turbine Fuel.

Date: 13-01-2023
Notification No. 01 /2023–Customs
seeks to exempt COVID -19 vaccines from basic Custom duty till 31st March, 2023

Date: 13-01-2023
Notification No. 04/2023-CUSTOMS (N.T.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 11-01-2023
NOTIFICATION No. 03/2023-Customs (N.T.)
Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023- Reg.

Date: 06-01-2023
Notification No. 01/2023-Customs (ADD)
Seeks to extend levy of ADD on Fishing Net originating in or exported from China PR

Date: 05-01-2023
Notification No. 02/2023 - Customs (N.T.)
Exchange rate Notification No. 02/2023-Cus (NT) dated 5.1.2023-reg

Date: 04-01-2023
NOTIFICATION No 01/2023-Central Tax
To assign powers of Superintendent of central tax to Additional Assistant Directors in DGGI, DGGST and DG Audit.

Date: 02-01-2023
Notification No. 02/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to modify the Special Additional Excise Duty on Diesel



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001