Customs Duty Fraud
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Luxury Car Fraud: Hyderabad Dealer Arrested In Rs 100 Crore Scam
The list of imported cars in the fraud includes a Rolls-Royce, Cadillac Escalade, Hummer EV, Lincoln Navigator, and others.
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30 High-End Vehicles, Multi-Crore Scam: Hyderabad Luxury Car Dealer Arrested
Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.
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Indian-American Jeweller Charged In Multi-Million Dollar Trade Fraud
An Indian jeweller has been indicted for illegally evading customs duties for millions of dollars of jewellery imports into the US and operating unlicensed money transmitting businesses, a US attorney has said.
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Gujarat Court Declares Nirav Modi "Proclaimed Absconder" In Customs Case
A Gujarat court today declared fugitive diamantaire Nirav Modi as a "proclaimed absconder" in a customs duty evasion case, filed in March and ordered him to appear in person on November 15. A public notification was issued earlier in the day in newspapers, and also sent to government and police departments, where Nirav Modi was declared proclaimed ...
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Here Are The Biggest Banking Frauds Witnessed In FY18
It has not been a good year for the banking sector. As top lenders of the country - SBI, PNB and Canara Bank - uncovered banking frauds, one after another, customers and investors lost their trust in financial institutions while the government and the central bank exchanged a war of words. The government asked the Reserve Bank of India to fulfil i...
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Finance Ministry Reduces Penalty for Customs Duty Fraud by 10%
Section 28 of the Customs Act, 1962, has been amended and now the amount of penalty payable in cases involving fraud, collusion, wilful mis-statement or suppression of facts with the intent to evade payment of duty, shall be fifteen per cent instead of 25 per cent.
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DRI detects commercial fraud to the tune of over Rs 3,100 crore: report
DRI, which acts as lead agency to check smuggling and commercial fraud, has detected 694 cases of commercial fraud involving customs duty evasion of Rs 3,112 crore in the last fiscal, official sources said.
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Luxury Car Fraud: Hyderabad Dealer Arrested In Rs 100 Crore Scam
The list of imported cars in the fraud includes a Rolls-Royce, Cadillac Escalade, Hummer EV, Lincoln Navigator, and others.
-
30 High-End Vehicles, Multi-Crore Scam: Hyderabad Luxury Car Dealer Arrested
Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.
-
Indian-American Jeweller Charged In Multi-Million Dollar Trade Fraud
An Indian jeweller has been indicted for illegally evading customs duties for millions of dollars of jewellery imports into the US and operating unlicensed money transmitting businesses, a US attorney has said.
-
Gujarat Court Declares Nirav Modi "Proclaimed Absconder" In Customs Case
A Gujarat court today declared fugitive diamantaire Nirav Modi as a "proclaimed absconder" in a customs duty evasion case, filed in March and ordered him to appear in person on November 15. A public notification was issued earlier in the day in newspapers, and also sent to government and police departments, where Nirav Modi was declared proclaimed ...
-
Here Are The Biggest Banking Frauds Witnessed In FY18
It has not been a good year for the banking sector. As top lenders of the country - SBI, PNB and Canara Bank - uncovered banking frauds, one after another, customers and investors lost their trust in financial institutions while the government and the central bank exchanged a war of words. The government asked the Reserve Bank of India to fulfil i...
-
Finance Ministry Reduces Penalty for Customs Duty Fraud by 10%
Section 28 of the Customs Act, 1962, has been amended and now the amount of penalty payable in cases involving fraud, collusion, wilful mis-statement or suppression of facts with the intent to evade payment of duty, shall be fifteen per cent instead of 25 per cent.
-
DRI detects commercial fraud to the tune of over Rs 3,100 crore: report
DRI, which acts as lead agency to check smuggling and commercial fraud, has detected 694 cases of commercial fraud involving customs duty evasion of Rs 3,112 crore in the last fiscal, official sources said.
