A case of huge market fraud has come into light which is unearthed by the Directorate of Revenue Intelligence. The DRI Noida officers reported the fraud of diversion of duty free imported Aluminium Foil to domestic market in the Capital. M/S Dominion Expoventure Pvt. Ltd being the centre figure of the story, was indulged in the illegal practice of the import without paying the custom duty. The arrested master mind Sudhir Agarwal is the Director of the Delhi based company, who used to take advantage of the Advance Authorisation Scheme. Through the Scheme he successfully had imported apporx 208 MTS of Aluminium Foil duty free so far. High import duties viz. Basic Customs Duty, IGST and Anti Dumping Duty are applicable to the sensitive goods for safeguarding domestic manufacturers.  cumulative impact of duty on these Chinese origin products is almost equal to the value of the goods and then being dumped into Indian market they cause grave harm to the domestic manufacturers here. 

Agarwal  scrupulously planned the duty theft and imported these cheap rated goods into the market here parrying successfully the payment of applicable custom duties. In order to attain the duty free import Agrawal misused Schemes of Advance authorisation of Foreign Trade Policy provision which allows free import on the condition that resultant goods shall be exported. As per Agarwal’s admittance he had so far diverted around 208 MTS of duty free material in domestic market. The DRI is not only investigating this evasion of import duty, the export of FMCG items by Agarwal’s company and some other exporters is also being scanned.  The department hopes to arrest the others involved in the story of the duty evasion soon.

Today when the prime government agencies like CBI are not free of controversy stains, some agencies like DRI have often been appreciated. The credit goes to Shri Debi Prasad Dash a 1985 batch IRS officer, the Director General, DRI, under which excellent guidance the department’s success stories are noteworthy. Mr Das has nominated as the country’s official candidate for the post of Deputy Secretory General, World customs organisation (WCO).

The Revenue Secretary, a 1984 Maharashtra Cadre IAS officer Shri Ajay Bhushan Pandey is also actively supervising the departments dedicated activities succeeding in creating fear amongst the elements involved in the illegal practices like smuggling. The Directorate General of revenue intelligence( DRI) is the premier agency for tracking smuggling and black money.