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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