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Mumbai: Customs dismantles crane importer’s duty evasion scam
Updated On: 18 November, 2023 02:03 AM IST | Mumbai | Apoorva Agashe
Doing so made it eligible to import under the head of ‘old and used cranes’ and thus pay less or no customs duty
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Representational images. Pic/iStock
The Customs Special Intelligence and Investigation Branch had apprehended an individual for evading customs duty of Rs 2 crore by committing financial fraud.
According to customs officials, a tip-off had alerted them about the alleged financial fraud by Charanjit Transport Company to evade customs duty. As used and old cranes attract customs duty which is comparatively less than the recently manufactured ones, the transport company had misrepresented the year of manufacturing of the cranes it imported.
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