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
25 kg gold worth Rs 11.63 cr seized in Hyderabad, 3 held
HYDERABAD: The Hyderabad Zonal Unit of the Directorate of Revenue Intelligence...
Smuggled cigarettes, other contraband worth Rs 3.89 crore destroyed in Chhattisgarh
Raipur, Feb 28 (PTI) The Customs on Wednesday destroyed foreign-origin cigarettes...
Edgware Road shopkeeper hid huge stash of black market tobacco and cigarettes behind fake wall
An Edgware Road newsagent stashed 97kg of tobacco and 92,000 black market...
Gold worth ₹5.8Cr being smuggled in a belt seized at Mumbai Airport
Earlier in September, the Mumbai Airport Customs Officers seized 1.3 kgs of...


