| Date: |
12-09-2002
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| Notification No: |
Customs Circular No 59/2002
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding Duty Evasion by Fabric Imports in connivance with M/s Sweety International Pvt. Ltd. (SIPL), Surat under Advance Licence Scheme by Showing High Seas Sales Transaction
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Regarding Duty Evasion by Fabric Imports in connivance with M/s Sweety International Pvt. Ltd. (SIPL), Surat under Advance Licence Scheme by Showing High Seas Sales Transaction
Customs Circular No. 59 dated 12th September 2002
CC (Import), Mumbai has reported a case of M/s. SIPL where the party used to adopt a novel modus operandi for evading customs duty. SIPL are reported to have obtained two Advance Licences of total CIF value of Rs. 40 crores by declaring fictitious address of their registered office at Surat and also providing a fictitious supporting manufacturer by name M/s. Rangoli Prints. SIPL used to openly approach importers of fabrics and manipulate the goods to have been sold on high seas in their name by the original importer and the bill of entry were filed in the name of SIPL. After obtaining duty free clearance of goods against SIPL�s Advance Licence in the manner, the party used to deliver the goods to original importers after collecting huge premium. By adopting this modus operandi SIPL are reported to have cleared about 40 consignments of fabrics of 12 importing firms defrauding the Government of Customs duty of approximately Rs. 4 crores.
2. This modus operandi is brought to your notice to prevent its recurrence.
3. Suitable instructions may be issued to customs field staff under your charge to alert them of this modus operandi.
4. Receipt of this Circular May kindly be acknowledged.
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