Search result for 'commercial fraud'

The Directorate of Revenue Intelligence (DRI) has detected over Rs 25 crore in customs duty evasion by luxury car importers. The importers resorted to undervaluation to evade customs duties on...

India and Nepal customs officials met to discuss strategies to curb cross-border smuggling of gold, narcotics, and fake currency. The meeting focused on strengthening cooperation and intelligence...

Revenue Secretary Sanjay Malhotra advises DRI officers to prioritize economy over revenue in tax notices, emphasizing a balanced approach to fraud cases. The department detected Rs 10,000 crore...

The CBIC has instructed customs officials to complete investigations into commercial fraud cases within a year, emphasizing a balanced approach to minimize disruptions in business.

Two managers of PetroSaudi are on trial in Switzerland for alleged fraud and money laundering related to the 1MDB scandal, described as the largest 'kleptocracy case' ever. The scandal involved...

The CBIC has revised guidelines for reporting arrests, smuggling, and commercial frauds by customs officers, aiming to enhance risk-based targeting and prevent fraud attempts by syndicates.

The Directorate of Revenue Intelligence (DRI) conducted a search at Havells India's headquarters over alleged misclassification of imported heating elements. The company says the impact is minimal.