The anti-corruption branch of the Central Bureau of Investigation (CBI) on Friday conducted raids on three Customs officials for allowing some exporters to misuse government's export promotion scheme leading to a revenue loss of over Rs 88 lakh.
The raids were conducted on D. R. Verma, Dawa Injung, both Superintendents of Customs and Suresh Shetty, Customs Examiner, all posted at Nhava Sheva.
According to a CBI statement, the three officials had connived with Asif Kacchi, owner of Amreen Impex, Sameer Sehgal, owner of Nandi Overseas and Deepak Joshi, partner in M. D. Shipping Agency, which is a Customs House Agent (CHA) firm, to misuse an export promotion scheme called Duty Entitlement Pass Book (DEPB).
As per this scheme, on export of goods, the government gives credit of certain percentage to the exporter who could either use it to save on duty while importing any material in future or alternatively could sell the credit to other importers.
In this case, the three officials had in 2008 allowed Amreen Impex and Nandi Overseas to inflate the volume and value of export - on paper - in order to claim maximum benefits given under DEPB. By inflating the value of export to Rs 110.08 crore, the two companies wrongfully claimed credit of Rs 88.29 lakh.
The CHA firm helped the two companies to clear the inflated export consignment.
CBI said that the two companies got the credit in the form of 11 licences, which they sold to different importers who used them to seek rebate of import duty.
"This way the government lost revenue of Rs 88.29 lakh," a CBI official said.
On receiving information, the CBI had registered a case against the Customs officials, two companies and CHA firm last year. After completing investigation, raids were conducted on the three officials.