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of <h1>Two Companies Exploit DEPB Scheme with Fake Exports; Fraudulent Activities Uncovered Involving Rs.33.5 Crore Export Value.</h1> Two companies, M/s. Sweety International Pvt. Ltd. and M/s. Trend Setters, Coimbatore, engaged in fraudulent activities to exploit the DEPB Scheme. They falsely declared exports of industrial-grade printing ink using forged documents. Containers were picked up in Mumbai, falsely claimed to be transported to Tamil Nadu, but were instead filled with colored water near Mumbai. These containers were then exported using forged examination reports from Central Excise authorities. Investigations revealed a fraudulent export value of Rs.33.5 crores, with undue DEPB benefits of Rs.4 crores claimed. Customs officers are advised to be vigilant to prevent similar frauds.
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