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Tuesday, Dec 03, 2002

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Contraband worth Rs 3.8 cr seized

Our Bureau

CHENNAI: The Directorate of Revenue Intelligence, Chennai, (DRI) has seized contraband goods worth Rs 3.80 crore in commercial fraud and smuggling cases.

In a series of search operations carried out in the last fortnight, the DRI, Chennai, seized eight consignments of Chinese silk fabrics valued at Rs 3.50 crore. The importer tried to clear the consignment by declaring incomplete details and furnishing manipulated invoices for clearance through the Customs, says a DRI release.

According to the release, while the Customs duty sought to evade by resorting to under valuation was about Rs 50 lakh, two importers deposited Rs 20 lakh towards the duty. Further, more than 100 small consignments of silk fabrics are awaiting clearance through the Customs. In smuggling cases contraband goods worth Rs 33 lakh was seized, the release says.

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