In a desperate bid to nail tax evaders, the Directorate General of Revenue Intelligence, DRI, has confiscated contraband worth Rs 504.39 crore and detected 143 cases of customs duty evasion to the tune of Rs 701.17 crore within a period of three months (October-December 2012).
Customs duties to the tune of Rs 369.34 crore were recovered by the DRI in the third quarter of the current financial year which is more than the total recoveries of Rs 362.04 crore made in the last financial year.
If custom officials are to be believed these are stupendous figures as compared to earlier years and the agencies are committed to continue their harshness on the tax evaders.
Custom officials also added, ‘We were shocked to see that gold smuggling is being done not only by way of outright traditional smuggling but also through commercial manipulations, including misuse of Free Trade Agreement with Thailand.’
Najib Shah, the director general of revenue intelligence said that other trends in outright smuggling include smuggling of Fake Indian Currency Notes (FICN) from Bangladesh, Heroin from Pakistan across the Indo-Pak Border, ‘Hashish’ from Nepal, miscellaneous contraband like cigarettes, scotch whiskey, branded shoes, ozone depleting refrigerant gases, branded shoes etc from China, smuggling of high end watches from Europe, Red Sanders, an endangered species of sandalwood much in demand in China and Japan.
Customs duties to the tune of Rs 369.34 crore were recovered by the DRI in the third quarter of the current financial year which is more than the total recoveries of Rs 362.04 crore made in the last financial year.
If custom officials are to be believed these are stupendous figures as compared to earlier years and the agencies are committed to continue their harshness on the tax evaders.
Custom officials also added, ‘We were shocked to see that gold smuggling is being done not only by way of outright traditional smuggling but also through commercial manipulations, including misuse of Free Trade Agreement with Thailand.’
Najib Shah, the director general of revenue intelligence said that other trends in outright smuggling include smuggling of Fake Indian Currency Notes (FICN) from Bangladesh, Heroin from Pakistan across the Indo-Pak Border, ‘Hashish’ from Nepal, miscellaneous contraband like cigarettes, scotch whiskey, branded shoes, ozone depleting refrigerant gases, branded shoes etc from China, smuggling of high end watches from Europe, Red Sanders, an endangered species of sandalwood much in demand in China and Japan.