DRI arrests Mumbai-based importer for causing duty evasion of Rs 7-8 crore
DRI suspects the accused was carrying out the said duty evasion in connivance with the Chinese product suppliers.
The accused, Rajesh Vaishnav, a resident of the Manpada area of Dombivali East, was arrested on Wednesday. (file) Officials of the Directorate of Revenue Intelligence (DRI) in Mumbai have arrested one of the partners of a Dombivali-based stationery products import firm for his alleged involvement in the undervaluation of products imported from China in the past five years by fabricating the invoices and causing duty evasion of Rs 7-8 crore.
The accused, Rajesh Vaishnav, a resident of the Manpada area of Dombivali East, was arrested on Wednesday. His Bhiwandi godown was also raided by DRI. DRI suspects Vaishnav was carrying out the said duty evasion in connivance with the Chinese product suppliers.
Vaishnav controls and operates three firms—Kabir Traders, Kanishk Overseas, and JSK Trade International—which are into the import and trading of stationery items. The evidence collected by the agency in the preliminary inquiry indicates that Vaishnav was involved in the undervaluation of the imported goods by 50 to 60 per cent.
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