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DRI Bulletin Apr-Sept 2024

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DRI intercepted three passengers

at Bangalore Airport on August 3,

2024

smuggling

6,626

dried

seahorses to Singapore. Protected

under Schedule I of the Wildlife

(Protection) Act, 1972, seahorse

trade is prohibited. Four persons

have been arrested in this case.

SEA HORSE

On September 20, 2024, DRI

intercepted a truck in Delhi NCR

carrying 4.4 MT of red sanders

worth INR 4.4 cr in the illicit

international market.

RED SANDERS

The Union Finance Minister inaugurated Phase IV of

Operation Sesha on October 30, 2023, a joint initiative by

Indian Customs, RILO Asia-Pacific, and RILO Middle-East to

combat illegal timber trade, including red sanders. Taking

the initiative forward three seizures totaling 19.4 MT were

made during this period at Chennai, Nhava Sheva and

Delhi.

COMMERCIAL

FRAUD

TRADE BASED MONEY LAUNDERING

Goods

Involved

Electrical

Capacitors

Electric

Supply Conductor

Devices

Cosmetics

(Dark Circle

Essence)

Cosmetics

(Skin Tightening

Gel)

Seizure

51.83 lakh

pieces

1.49 lakh

pieces

8.00 MT

40.70 MT

Value declared in B/E

(FOREX sent abroad)

INR 75.62 cr

(INR 148 - 155 per piece)

INR 1.00 –

4.50 per piece

INR 90 -

110 per piece

INR 300 -

500 per Kg

INR 300 -

500 per Kg

INR 132.02 cr

(INR 7,684 –

48,473 per piece)

INR 33.14 cr

(INR 41,430 per Kg)

INR 335.39 cr

(INR 81,771 –

INR 82,014 per Kg)

Value ascertained

by Technical Expert

Using data analytics, DRI has busted a major TBML racket

operating in multiple locations across the country. Cheap

quality electrical goods and cosmetics were being

imported at grossly inflated prices through newly

registered firms. Substantial foreign exchange moved out

of the country. To avoid paying import duties, the importers

filed warehousing bills of entry. At the time of export from

the warehouses, there would be no corresponding inflow

of foreign exchange into India.

Goods having declared value of INR 576.17 cr have been

seized by DRI at Air Cargo Kolkata, Nhava Sheva Port,

Mundra Port, Pali ICD, Vallarpadam SEZ and Kochi Port.

Cases against seventeen dummy importers have been

booked and five persons have been arrested.

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