Five arrested in duty-evasion racket amounting to Rs26 crore in Mumbai
The Central Intelligence Unit at Air Cargo Complex (ACC) in Andheri on Monday arrested five people for allegedly evading customs duty payment of Rs26 crore. According to the police, they were looking to smuggle mobile phones and accessories into the country. The five accused include custom brokers and importers.
Custom brokers are agents for an importer or exporter who are paid brokerage for clearing goods through customs. “Gross mis-declaration has been resorted to evade payment of customs duty. The description of the declared goods was vague so as to undervalue the consignment. Most of the goods were branded products,” said Atul Saxena, additional commissioner, ACC. Certain entities registered in Hong Kong, China and Chinese Taipei are suppliers for most of the consignments of mobile accessories.
Related Posts
Delhi Customs seizes over 5 lakh masks, 952 PPE kits being smuggled to China
The Delhi Customs on Wednesday intercepted a huge amount of PPE (Personal...
In two days, 386 liquor bottles seized from Mandore Express.
JODHPUR: Liquor bottles have been found in large numbers from last two days on...
Fake Samsung Galaxy S III Mini available in China for $65
Samsung Galaxy S III Mini is the latest device to get its clone with Neo now...
Economists Tips Smuggling Boom If Cigarette Prices Raised 365%
A plan touted by some in the government to increase cigarette prices is likely to...