Ahmedabad firm in $1M Korea trade fraud probe
An Ahmedabad company is accused of a $1 million trade fraud against South Korea and customs duty evasion in India, using a Korean shell firm to route Chinese goods. KOTRA has alerted Indian agencies.
Category : Search result: import duty evasion
India imposes 3-year steel import duty to curb cheap shipments
India imposes 11-12% safeguard duty on select steel imports for three years to protect domestic industry from cheap shipments, primarily from China. Read the full details.
Sangli probes Chinese raisins imported via Afghanistan
Sangli collector orders probe into 2000 tonnes of Chinese raisins imported via Afghanistan, repacked as Indian. Local farmers face huge losses. Strict action promised.
Himachal MLA Seeks PM's Help on Apple Import Duty Cut
Former HPCC chief Kuldeep Rathore meets Governor, urges PM Modi to reverse 50% to 25% apple import duty cut under NZ trade pact, fearing massive losses for state's horticulture sector.
Hong Kong Director Held in ₹30 Crore Customs Duty Evasion Case
DRI arrests Hong Kong supplier's director in a ₹30 crore luxury furniture import fraud. Third arrest in the case involving undervaluation and document manipulation. Read the full investigation details.
Jaipur Metro to Replace Tokens with QR Code Ticketing
Jaipur Metro shifts to QR code tickets after losing 80,000 smart tokens, costing crores. New paper and paperless systems aim to curb losses and offer convenience. Read more.
ED attaches Rs 17 crore property in Sirsa VAT scam
The Enforcement Directorate has attached properties worth Rs 17 crore linked to the Sirsa VAT scam. The case involves massive tax evasion through fake firms. Read the full details of the investigation here.
Steel expansion hit by policy mismatch on key input: GTRI
A GTRI report warns India's steel capacity expansion is under pressure as import curbs on low-ash metallurgical coke raise input costs, hurting competitiveness. Experts call for policy recalibration.
Punjab teachers reject Rs 10 lakh compensation, demand justice
Teachers' organisations in Punjab reject govt's Rs 10 lakh ex gratia for deceased colleagues, term it discriminatory. They demand Rs 2 crore each & govt jobs for kin. Read more.
Himachal Minister Condemns Apple Import Duty Cut to 25%
Himachal Education Minister Rohit Thakur condemns the Centre's decision to slash import duty on NZ apples from 50% to 25%, warning it threatens the state's Rs 5,000-crore apple economy.
Brockman estate pays $750M in tax fraud settlement
The estate of Robert Brockman settles the biggest US individual tax fraud case, agreeing to pay $750 million in back taxes and penalties. Details on the $2 billion offshore empire revealed.
CII Urges Fiscal Reforms, Tech in Tax in Budget 2026-27
CII urges institutional reforms & fiscal consolidation in Budget 2026-27 for growth. Key asks: tech to curb tax evasion, debt control, PSU privatisation, and revamping food distribution. Read more.
FBI's $7M Bounty for North Korean Banker Sim Hyon Sop
The FBI offers a $7 million reward for Sim Hyon Sop, a North Korean banker accused of laundering millions for Kim Jong Un's regime through crypto and shell companies. Read the full investigation.
India Announces Reforms to Simplify Import Checks
India unveils major reforms to simplify import inspections, a key move to boost trade and secure a long-awaited free trade agreement with the United States. Learn the details.
Ukraine Draft Dodgers Flee via Gas Pipelines, 8 Held
A report reveals Ukrainians are using old gas pipelines to flee abroad and evade military service. Eight facilitators detained, as an ex-official is accused of providing fake disability certificates.
Ahmedabad GST Fraud: Rs 78 Cr Evasion Detected
DGGI Ahmedabad uncovers Rs 78 crore GST fraud network using 8 fake firms for fraudulent input tax credit. Key accused arrested. Details inside.
Punjab GST up 16%, Excise revenue surges 8.64%
Punjab's GST collections surge 16% to Rs 17,860 crore till November. Excise revenue also rises 8.64%. FM Cheema credits tech-driven enforcement & OTS scheme for boosting state finances.
Amazon Blocks 1,800+ North Koreans in Fake Job Scam
Amazon uncovers a massive scheme involving over 1,800 North Koreans using fake identities to land remote IT jobs, exposing 'laptop farms' used to fund Pyongyang's programs. Read the full investigation.
US Navy Loses Chase of Venezuelan Oil Tanker BELLA-1
A US Navy pursuit of the Venezuelan oil tanker BELLA-1 ends in failure, raising questions about sanctions enforcement. Read the full story on the escalating maritime showdown.
China Files WTO Complaint Against India's Solar, IT Measures
China has initiated a formal dispute at the World Trade Organization against India's import restrictions in the solar and IT sectors. This move escalates trade tensions between the two Asian giants. Read the full analysis.
China Launches WTO Dispute Against India on Trade Duties
China initiates a WTO trade dispute against India, challenging import duties on solar cells and IT goods. This move escalates bilateral trade tensions and could impact India's green energy goals. Read more for details and analysis.
PIB Debunks Misleading Claim on IT Dept's Digital Access
PIB clarifies new Income Tax Bill 2025 powers. Access to emails & social media is limited to search operations for tax evasion probes. Honest taxpayers unaffected.
India Denies Duty Cuts for NZ on Key Agri Items
India rejects New Zealand's request for duty concessions on dairy, vegetables, sugar, and metals. The move protects domestic sectors as both nations review their trade agreement. Read the full analysis.
US Cotton Imports Soar After India Scraps 11% Duty
India's cotton imports from the US skyrocketed after the 11% duty was removed, causing domestic prices to fall. CCI's low procurement adds to farmer distress. Full analysis inside.
MP's Zero-Based Budgeting Drives Fiscal Discipline, Rs 55,634 Cr Revenue
Madhya Pradesh reshapes finances with zero-based budgeting & a 3-year rolling plan. Deputy CM Jagdish Devda reveals FY25 revenue of Rs 55,634 Cr, per capita income of Rs 1.52 lakh, and new tech-driven initiatives for revenue growth.
Sonipat Trader Held in Rs 118 Cr GST Evasion Case
CGST Rohtak arrests Sonipat pharma trader Pawel Garg for alleged GST evasion of Rs 21.30 crore on sales of Rs 118.49 crore. Raid uncovers unaccounted transactions. Read the full details.
Delhi HC Asks Customs to Respond to IndiGo's Rs 900 Cr Plea
Delhi High Court directs customs authorities to respond to IndiGo's petition seeking a refund of over Rs 900 crore in import duty. The case involves aircraft engines and parts. Read the latest developments.
I-T Raids on Mumbai Food Firms, Shilpa Shetty-Linked Outlet
Income Tax Department conducts searches on multiple Mumbai food & beverage companies for alleged tax evasion. Actor Shilpa Shetty's co-owned restaurant among premises covered. Read the full details.
I-T Raids on Food Firms, One Linked to Shilpa Shetty
Income Tax Department conducts nationwide raids on food companies, including a brand promoted by Shilpa Shetty. Search operations span multiple cities, uncovering alleged financial irregularities.
I-T Raids Mumbai F&B Firms, Shilpa Shetty Restaurant Searched
Income Tax Department raids over 20 Mumbai food & beverage firms for tax evasion. Searches include a restaurant co-owned by Shilpa Shetty. Details on the ongoing investigation here.
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