Five arrested in duty-evasion racket amounting to Rs26 crore in Mumbai | Mumbai news - Hindustan Times
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Five arrested in duty-evasion racket amounting to Rs26 crore in Mumbai

Hindustan Times | By, Mumbai
Jun 18, 2017 01:11 AM IST

Mumbai city news: The five accused were looking to smuggle mobile phones and accessories

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.

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.(HT)
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.(HT)

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.

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Authorities stated that certain branded products were not declared at all. “Around 400 consignments have been cleared in the past and customs duty amounting to Rs 26 crore has been evaded,” said Saxena.

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  • ABOUT THE AUTHOR
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    Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.

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