AHMEDABAD: The Ahmedabad zonal unit of Directorate Of Revenue Intelligence (DRI) has detected Rs 1 crore duty drawback fraud by Surat-based Supreme (India) Impex Ltd (SIL).
The manufacturer-cum-exporter of various textile goods had been claiming drawback on the higher side by inflating export value in the export documents.
DRI officials conducted search operations at the office premises of the exporter in Sachin GIDC. Many incriminating documents were recovered during the search which revealed the modus opernadi of the exporter for availing higher drawback than what they were entitled for.
“The exporter was exporting Dyed Multi Ply Polyester Yarn to the consignees based in Turkey. In the export documents, unit price of the export goods was highly inflated compared to the actual value,” said a DRI official.
The official further said, “In the export documents filed by SIL, name of the buyer would be its own associated company- Indo Emirates Trading Co. LLC, Dubai and the consignee would be the actual buyer based in Turkey.”
Thereafter, the exporter would prepare invoices of actual value from Indo Emirates Trading Co. LLC, Dubai, in the name of the consignee based in Turkey. The name of the Turkey firm is given in the documents submitted before the Indian Customs.
By resorting to such modus operandi, SIL had already availed excess drawback of approximately Rs 1 crore. Further investigation in the case is in progress.
