Loading...

⚠ ✕
❮ Top
☎ Help
☰
GST ▸
Central GST ▸
Integrated GST + ▸
UTGST / SGST ▸
GST Case Laws + ▸
Income Tax ▸
Income Tax ▸
Allied (Direct Tax) ▸
Income Tax Case Laws ▸
DTAA ▸
International Taxation ▸
Customs ▸
Customs Act / Rules ▸
Notifications / Forms ▸
Circulars / Tariff ▸
Case Laws / Manual ▸
FTP/SEZ ▸
Foreign Trade ▸
Notifications / Circulars / Appendix / Forms ▸
Special Economic Zone (SEZ) ▸
Corp. Law ▸
Company Laws ▸
Standards / Trusts ▸
Partnership / LLP / Societies ▸
Case Laws ▸
FEMA ▸
FEMA / FCRA ▸
Notifications / Circulars ▸
Manual / FAQ ▸
FEMA Case Laws ▸
SEBI / IBC ▸
SEBI ▸
SEBI Case Laws ▸
IBC ▸
IBC - Case Laws ▸
PMLA ▸
Benami Property ▸
Black Money ▸
Money Laundering ▸
Vivad ▸
Direct Tax ▸
Indirect Taxes ▸
Indian Laws ▸
Indian Laws ▸
Bharatiya Nyaya 2023 ▸
Finance Acts & Bills / Amendment Acts ▸
Case Laws ▸
Labour Laws ▸
Labour Code ▸
Old / Others ▸
Central Excise ▸
Central Excise - Cases ▸
Wealth Tax ▸
Service Tax ▸
Service Tax Cases ▸
CST / DVAT ▸
CST / VAT / Sales Tax ▸
×

By creating an account you can:

Logo TaxTMI
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
    October 19, 2026
    DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
    October 19, 2026
    DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
    October 19, 2026
    Department of Commerce Organises “Leveraging FTAs” Outreach Programme in Jaipur to Strengthen Export Opportunities
    October 19, 2026
    Central Bureau of Narcotics (CBN) organises five drug awareness programmes for MP youth Mission Yuva Raksha
    October 19, 2026
    DRI seizes massive 137 kg consignment of crystal meth; busts coastal drug trafficking network; 4 arrested in Tamil Nadu
    October 17, 2026
    Optimization of Statutory Branch Auditors (SBAs) Costs and Acceleration of Centralized Audit Frameworks
    October 17, 2026
    Clarification on Legislative Developments concerning Government’s shareholding in IDBI
    October 16, 2026
    Introduction of e-Invoicing Facility for Recipient Generated Self Invoices under Reverse Charge Mechanism for Domestic Supplies from Unregistered Pers...
    October 16, 2026
    DFS Organises Workshop on Reservation Policy for Public Sector Banks, Public Sector Insurance Companies and Public Financial Institutions
    October 16, 2026
    APEDA Facilitates Export of 1.755 MT of Organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria
    October 16, 2026
    Union Commerce and Industry Minister Shri Piyush Goyal Launches National Strategic Trade Command Centre at Vanijya Bhawan
    October 16, 2026
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participates in the 114th meeting of the Development Committee Plenary of the W...
    October 16, 2026
    Customs officers detect 148.67 kg hydroponic weed from Bangkok at air cargo complex at IGI Airport
    October 16, 2026
    DRI seizes around 6.2 kg foreign-origin gold; busts sophisticated gold smuggling modus operandi through unaccompanied baggage; three arrested
    October 16, 2026
    Central Bureau of Narcotics (CBN) U.P. Unit holds public hearing to address grievances of opium cultivators
    October 16, 2026
    Directorate of Revenue Intelligence (DRI) and Central Bureau of Narcotics (CBN) destroy 2.87 Hectares (7.08 Acres) of illicit cannabis (ganja) cultiva...
    October 15, 2026
    The cumulative exports (merchandise & services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion ...
    October 15, 2026
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls on Youth to Drive India’s AI Journey
    October 14, 2026
    CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
    October 14, 2026
    CCI approves the acquisition of certain shareholding in Kids Clinic India by NuageLux BidCo S.à r.l
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Open Link
News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
October 19, 2026
DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
Show AI Summary
Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
October 19, 2026
DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
Show AI Summary
Gold smuggling syndicate enforcement traces concealed imports through airport handlers, illicit melting, and jewellery-market disposal under customs law.
Directorate of Revenue Intelligence enforcement action identified an organised gold-smuggling syndicate importing foreign-origin gold through Ahmedabad and Surat airports, followed by handover to handlers, intermediary routing, illegal melting, and cash-based supply through an Ahmedabad jewellery outlet. Further searches recovered undocumented foreign-origin gold bars and records concerning smuggled gold linked to a Dubai-based financier. The investigation identified interconnected roles across the movement, processing, and disposal of smuggled gold; three persons were arrested under the Customs Act, 1962.
October 19, 2026
Department of Commerce Organises “Leveraging FTAs” Outreach Programme in Jaipur to Strengthen Export Opportunities
Show AI Summary
Free trade agreement utilisation requires origin compliance, product standards, and documentation to secure preferential export market access.
Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
October 19, 2026
Central Bureau of Narcotics (CBN) organises five drug awareness programmes for MP youth Mission Yuva Raksha
Show AI Summary
Drug prevention awareness initiatives engage students through health education, interactive activities and pledges supporting a drug-free society.
Mission Yuva Raksha advances preventive drug awareness and demand-reduction efforts among students through programmes at educational institutions in Madhya Pradesh. Sessions addressed the harmful effects of substance abuse on physical and mental health, education, family life and careers, supported by interactive learning activities. Participants were encouraged to avoid drugs, adopt healthy lifestyles, take pledges and support awareness initiatives in their schools, families and communities. Preventive education and youth engagement complement enforcement-oriented work through informed choices and community-based resistance to substance abuse.
October 19, 2026
DRI seizes massive 137 kg consignment of crystal meth; busts coastal drug trafficking network; 4 arrested in Tamil Nadu
Show AI Summary
Coastal narcotics trafficking enforcement addresses suspected maritime methamphetamine smuggling through seizure, asset recovery, and arrests under drug-control law.
Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
October 17, 2026
Optimization of Statutory Branch Auditors (SBAs) Costs and Acceleration of Centralized Audit Frameworks
Show AI Summary
Centralised audit framework targets lower physical branch audit coverage while preserving regulatory oversight and maintaining remuneration.
For FY 2026-27, audit remuneration is to remain at existing levels. Member banks are advised to accelerate a centralised audit framework to improve cost efficiency while retaining comprehensive risk oversight. Physical statutory branch audit coverage should be reduced to cover 50% of total business, apart from centralised treasury audits. Audit coverage must align with SEBI listing and disclosure requirements and RBI guidelines, supported by a Board-approved policy for the centralised audit roadmap.
October 17, 2026
Clarification on Legislative Developments concerning Government’s shareholding in IDBI
Show AI Summary
Promissory estoppel cannot prevent Government shareholding dilution where enacted legislation imposes no restriction on strategic disinvestment.
Government shareholding in IDBI may be reduced or divested because the IDBI (Repeal) Act, 2003 contains no restriction on dilution of the Government's stake. A proposed amendment to limit dilution was rejected and not incorporated into the enacted law. Parliamentary statements cannot override statutory text, and promissory estoppel cannot be invoked on the basis of legislative debate statements to prevent dilution of Government shareholding. Successive Union Budget speeches also reflected a policy of transformation and strategic disinvestment of IDBI Bank.
October 16, 2026
Introduction of e-Invoicing Facility for Recipient Generated Self Invoices under Reverse Charge Mechanism for Domestic Supplies from Unregistered Persons (RCMDOM) and Import of Services (RCMIMP)
Show AI Summary
Recipient-generated e-invoicing under reverse charge enables eligible taxpayers to obtain IRNs for domestic unregistered supplies and imported services.
Eligible active registered recipients meeting the applicable aggregate annual turnover threshold may report recipient-generated self-invoices for specified reverse-charge domestic supplies from unregistered persons and imports of services. RCMDOM and RCMIMP must be selected as the relevant e-invoice supply types when reporting through an authorised Invoice Registration Portal. Submission and validation of prescribed invoice particulars would generate an Invoice Reference Number, subject to applicable GST provisions, notifications and e-invoice specifications.
October 16, 2026
DFS Organises Workshop on Reservation Policy for Public Sector Banks, Public Sector Insurance Companies and Public Financial Institutions
Show AI Summary
Reservation Policy Implementation in public financial institutions was examined through capacity building, practical deliberations, and measures for consistent application.
Implementation of the Government of India's Reservation Policy across public sector banks, public sector insurance companies, sectoral regulators and public financial institutions was addressed through capacity building to support uniform and effective application. Deliberations considered practical implementation issues, operational challenges and actionable measures for consistent policy application, alongside related welfare measures and interactive discussion of implementation questions.
October 16, 2026
APEDA Facilitates Export of 1.755 MT of Organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria
Show AI Summary
Organic agricultural export certification supports overseas market access for Palmyra Jaggery Powder through export-oriented producer linkages.
APEDA facilitated the maiden sea export of NPOP- and EU-certified organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria. The initiative seeks to diversify India's organic export basket, create market linkages for traditional Palmyra-based products, and improve producer access through export-oriented value chains. It covers organic cultivation and reports improved price realisation for participating farmers and the manufacturer compared with the domestic market. APEDA supports certified organic and value-added agricultural exports through market development, quality compliance, and overseas buyer linkages.
October 16, 2026
Union Commerce and Industry Minister Shri Piyush Goyal Launches National Strategic Trade Command Centre at Vanijya Bhawan
Show AI Summary
Data-driven trade governance enables integrated monitoring, application analysis and evidence-based policy inputs through the National Strategic Trade Command Centre.
The National Strategic Trade Command Centre provides an integrated analytics and visualisation platform consolidating trade data to monitor trade indicators, scheme performance, application pendency, processing timelines, regional trends and compliance-related parameters. It enables analysis across national trade performance, Regional Authorities, schemes, products, destination markets and individual applications, subject to role-based access permissions. Initial dashboards cover key trade-facilitation and regulatory processes, including SCOMET, export promotion schemes, certificates of origin, importer-exporter registration and restricted imports and exports.
October 16, 2026
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participates in the 114th meeting of the Development Committee Plenary of the World Bank in Bangkok, Thailand
Show AI Summary
Private capital mobilisation should use competitive financing, guarantees and risk mitigation to expand productive employment and productivity.
Private capital mobilisation is treated as essential to employment generation and productivity growth. Private enterprises, MSMEs and startups should remain central to job creation, with financing assessed by employment and productivity outcomes rather than volume. Guarantees, risk-mitigation instruments, local-currency financing and lower transaction costs are identified as means to expand affordable and predictable access to capital. Methodologies underlying governance indicators should be transparent, objective, evidence-based and responsive to diverse development experiences.
October 16, 2026
Customs officers detect 148.67 kg hydroponic weed from Bangkok at air cargo complex at IGI Airport
Show AI Summary
Narcotics smuggling through misdeclared air cargo triggered seizure, arrest, and ongoing investigation into concealed hydroponic weed imports.
A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
October 16, 2026
DRI seizes around 6.2 kg foreign-origin gold; busts sophisticated gold smuggling modus operandi through unaccompanied baggage; three arrested
Show AI Summary
Unaccompanied baggage gold smuggling: concealed hardware and insider coordination triggered interception, seizure, and arrests under customs law.
Foreign-origin gold smuggling through the unaccompanied baggage channel involved concealment of gold within hardware items and coordinated retrieval through warehouse personnel and intermediaries. Intelligence-led interception resulted in recovery and seizure of foreign-origin gold concealed in a floor spring, metal locks, a grease gun and a door closer. The arrangement used a trolley secured by a pre-decided number-lock combination, with a warehouse staff member, mediator and receiver allegedly involved in delivery of the concealed gold.
October 16, 2026
Central Bureau of Narcotics (CBN) U.P. Unit holds public hearing to address grievances of opium cultivators
Show AI Summary
Opium cultivation licensing grievance redressal advances through public hearings, administrative remedies, policy recording, and a planned cultivator helpline.
Opium cultivation licensing grievances were addressed through a public hearing where cultivators raised irrigation, climatic, single-plot licensing, and village-wise allocation concerns. Participants were informed of available legal provisions and administrative remedies. Requests for more licences and larger cultivation plots were considered, with policy matters recorded. A helpline is intended to assist cultivators during the 2026-27 licensing operation.
October 16, 2026
Directorate of Revenue Intelligence (DRI) and Central Bureau of Narcotics (CBN) destroy 2.87 Hectares (7.08 Acres) of illicit cannabis (ganja) cultivation in wildlife sanctuary, District Dhule, Maharashtra
Show AI Summary
Illicit cannabis cultivation: crop destruction followed legal formalities, while investigation continues in a remote wildlife sanctuary.
Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
October 15, 2026
The cumulative exports (merchandise & services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion in April-September 2025-26, an estimated growth of 13.84%.
Show AI Summary
Merchandise and services trade estimates show export growth, import expansion, and a wider combined trade deficit over the reporting period.
Combined trade estimates for April-September 2026-27 show exports of US$ 476.20 billion and imports of US$ 551.13 billion, resulting in a trade deficit of US$ 74.93 billion. Merchandise exports rose to US$ 259.89 billion, while merchandise imports reached US$ 437.53 billion. Estimated services exports were US$ 216.31 billion and services imports were US$ 113.60 billion, producing a services trade surplus of US$ 102.71 billion. September services figures are estimates, and specified earlier-period data were revised using quarterly balance-of-payments data.
October 15, 2026
Union Minister of Commerce and Industry Shri Piyush Goyal Calls on Youth to Drive India’s AI Journey
Show AI Summary
Emerging technology skills and resilient supply chains are positioned as foundations for investment competitiveness and inclusive economic growth.
Ministerial policy priorities for India's trade, investment and technology agenda emphasise artificial intelligence, cybersecurity, technology adoption, manufacturing investment and lifelong skill development. Investment competitiveness is linked to political stability, resilient supply chains, and fair and transparent trading practices. The first tranche of a bilateral trade agreement with the United States has been finalised, while final contours and legal drafting continue before operationalisation.
October 14, 2026
CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
Show AI Summary
Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
CCI approves the acquisition of certain shareholding in Kids Clinic India by NuageLux BidCo S.à r.l
Show AI Summary
Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Home › news › Customs, DGFT & SEZ › 2019 › July, 2019 › This
Back

All News

Customs, DGFT & SEZ

Misuse of Export Promotion Schemes

July 10, 2019

Contents
Acts
Rules & Regulations
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

Foreign Trade Policy of the Government contains certain export promotion schemes which are primarily aimed at (i) providing customs duty exemption on import of capital goods for promotion of exports, (ii) providing customs duty exemption on raw materials, components and consumables for manufacturing goods for exports and (iii) providing compensation for neutralizing the disadvantages suffered on the goods and services exported.

All these schemes have inbuilt obligations/terms and conditions which are required to be complied by the persons availing such schemes. The Government regularly  monitors such obligations. In case of non-compliance, action is taken against the defaulters. Such actions may include suspension, cancellation of the authorization, black listing the defaulter from availing any export promotion scheme, imposition of fiscal penalty, cancellation/suspension of Importer and Exporter Code number and initiating criminal proceedings. Such penal provisions are contained in the Foreign Trade Policy/ Hand Book of Procedures, Foreign Trade (Development and Regulation) Act, 1992 and Foreign Trade (Regulation) Rules 1993.

During the last three years from 1st April 2016 to 31st March 2019, 1865 persons have been put under “Denied Entity List” denying further benefits under the export promotion schemes and penalties have been imposed in 1374 cases. In addition to the above, action on defaulters is also taken by the Department of Revenue. During the last three years, Department of Revenue has identified and imposed penalties in over 400 cases.

Regional Authority wise details of the penalty imposed and the list of companies on which action has been taken by the Department of Revenue are given below:

Penalty imposed for three financial years 2016-19

Sl No.

Name of RA

No. of Penalty Imposed

Amount of Penalty

1

RA, Ludhiana

67

767685000

2

RA, Jaipur

63

16680000

3

RA, Panipat

1

50000

4

RA, Trivandrum

2

13813735

5

RA, Bhopal

5

3769900

6

RA, Kanpur

3

3500000

7

RA, Varanasi

1

10000

8

RA, Kolkata

97

135363035

9

RA, Mumbai

385

4145496191

10

RA, Vadodara

40

1087647800

11

RA, Chennai

20

9216737

12

RA, Ahmedabad

10

540900000

13

CLA, Delhi

59

239839738

14

RA, Pune

237

888273922

15

RA, Moradabad

0

0

16

RA, Chandigarh

118

3082737130

17

RA, Jammu

0

0

18

RA, Srinagar

0

0

19

RA, Dehradun

0

0

20

RA, Nagpur

3

13986082

21

RA, Rajkot

0

0

22

RA, Surat

87

372854339

23

RA, Raipur

0

0

24

RA, Goa

0

0

25

RA, Cuttack

0

0

26

RA, Patna

0

0

27

RA, Shillong

0

0

28

RA, Madurai

0

0

29

RA, Coimbatore

0

0

30

RA, Pondicherry

0

0

31

RA, Bangalore

176

406908966

32

RA, Cochin

0

0

33

RA, Hyderabad

0

0

34

RA, Visakhapatnam

0

0

35

RA, Belagavi

0

0

 

 

1374

11728732575

 

Year -2016-17

Misuse of Export Promotion Schemes

Amt. in Lakhs

Nameof the Company

Amount of Duty Evasion Confirmed

Amount of Duty recovered

Amount of fine/penalty

Brahmani Fab

8.65

1.35

13.65

Shreeji Creation

16.6

8.74

24.1

Parth Creation

0.65

0.65

4.4

Zenith Exports

4.2

4.2

0.1

Prince Pipes &Fittings Pvt. Ltd

52.91

52.91

0.25

Lamba Timber Works Pvt. Ltd

18.21

18.21

1

Konark Overseas Pvt. Ltd

3.31

3.31

0.5

NM Overseas

18.2

18.2

4.8

Evershine

45.98

0

0

Divine Industries

46.8

0

0

Om Exim Mehsana

2.67

2.67

0.94

Nimesh International

5.65

0

0

Yooza Packaging

4.26

0

0

Maple Exports

4.02

4.02

1.03

RankasTaxfab

130

130

29.6

H.K. Agro Impex

38.9

13.5

21.8

Global Exims

32.48

15.1

18.2

H.K. Agri Products

20.29

10.4

11.3

Arshad Cashew Industry

14.73

14.73

0.85

Aakanksha Distributors Pvt. Ltd.

  

33.37

  

Brahmani River Pillets Ltd.

2403.47

0

2403.47

M/s. Southern Gold Pvt. Ltd,

      

Vinayak Fashion

19

19

6.76

Bharat Forge Ltd.

171.99

171.99

0

BILT Graphic Paper Products

11.7

11.7

0

Sepher Digital StudiosPvt. Ltd

3.25

0

0

L.M. Wind Power

45.88

14.03

0

Torrent Pharmaceuticals Ltd.

47.76

51.1

0

Bharat Serum and VaccainesLTd

540.61

579.71

81.09

Enaltec Labs Pvt. Ltd

43.83

46.13

6.57

Jilani Arts

0

9.45

4.38

Mehra Overseas

0

0

0

Veda Trades

0

9.49

0

Sanofi India Ltd.

0.92

1.12

0

Rhino Bamboo Industry

3.98

1.19

0.25

keley Infra Project Ltd.

505.51

125.83

220

Indian Technomac

1671.16

38

2671.16

Dharamarathina Textiles Pvt. Ltd.

42.42

0

27

Sowdeswari Mills Pvt. Ltd.

27.7

1.66

21

Kutti Spinners Pvt. Ltd.

27.96

2.1

24.5

Rajeshwari Exim India

0

0

2

Gee Ess International

0

0

2.64

MutasImpex

0

0

3.5

V.G. Electronics

0

0

3.2

Chadha Plastic

0

0

5.05

Simmtronics Semiconductor Ltd

29.7

0

2.95

LiliputKidswear ltd.

94.66

0

10.5

LiliputKidswear ltd.

119.26

0

13.5

LiliputKidswear ltd.

63.26

0

7

LiliputKidswear ltd.

251.25

0

20

LiliputKidswear ltd.

15.16

0

1.5

LiliputKidswear ltd.

11.73

0

1

LiliputKidswear ltd.

29.29

0

2.75

LiliputKidswear ltd.

6.25

0

0.6

LiliputKidswear ltd.

18.66

0

1.75

LiliputKidswear ltd. (EPCG)

84.99

0

10

Tishaniimpex

0

0

15

Shirin International

0

0

25

ACE lines

0

32.03

17.3

Sunrise Exports

0

0

2

Swift International

0

0

17

Shivam UZ International

0

0

1

Pearless Valley

0

0

7

AR Enterprises

0

0

1

KPS Enterprises

0

0

1

Pritam Exports

0

0

11.5

Global Enterprises

0

0

8.5

Prado infosys

0

0

11

DolseCorrama

0

0

6

Western Care

0

0

6

Rose Wear

0

0

15

Pavish Textiles (P) Ltd.

0

0

10

MohitImpex

0

0

8

Era Exim Enterprises

0

0

2

SMG India

0

0

3

Avisso India

0

0

5

Shant Export

0

0

2

A.D. Exports

0

0

3

SRL Exim

0

0

14

Guru Exports

0

0

20

Sarthak Exim Pvt. Ltd

0

0

4

Space Enterprises

0

0

3.69

Yahavi Exports

0

0

6

MJR Exim Pvt. Ltd.

0

0

4

Karat International Exports

0

0

1

Meet Exports

0

0

5

Picaso Exim

0

0

8

Sanjeev Garments

0

0

100.1

Abir Chemicals Ltd.

50.79

NIL

14

Export India

152.26

NIL

40

Rashi wears pvt ltd

19.82

NIL

10.45

Genuine Arts

95.24

NIL

24

Lucky International

55.12

NIL

15

Purti Textiles Mills

10.41

NIL

4

Abir Chemicals Ltd.

19.89

NIL

5.2

Expectations

5.11

NIL

2.5

 Bharat Udyog

5.91

NIL

80.61

Sadhana Fashions

18.19

NIL

10

Abir Chemicals Ltd.

50.79

NIL

14

 Apex Electricals Ltd.

52.55

NIL

13

 Apex Electricals Ltd.

478.37

NIL

107

 Apex Electricals Ltd.

463.11

NIL

100

 Apex Electricals Ltd.

175.09

NIL

35

Menezes chemical pvt. Ltd.

8.8

NIL

3.6

 Apex Electricals Ltd.

45.86

NIL

11.2

Hamco Mining & Smelting Ltd.

331.3

NIL

78

Apex Electrical Limited

18.18

NIL

6.55

Abir Chemicals Ltd.

15.78

NIL

4

Abir Chemicals Ltd.

43.65

NIL

11.3

Abir Chemicals Ltd.

28.98

NIL

7.4

 R.N. Bhatia

62.66

NIL

15

Blue Nest Export

23.95

NIL

0

PennarAluminium Company Ltd.

240.54

NIL

60

Abir Chemicals Ltd.

48.5

NIL

12.55

VinyroyalPlasticoates Pvt. Ltd. & National Leather Mfg. Co.

27.06

NIL

6.7

Pankaj Extrusion Ltd. & Hitesh Shah Director

326.7

NIL

626.7

National Leather Cloth Company

71.99

NIL

14

National Leather Cloth Company

106.66

NIL

15

National Leather Cloth Company

106.66

NIL

15

Gujarat Cypromate

12.57

NIL

3.95

 Noble Merchandise Ltd.

85.44

NIL

20

 Noble Merchandise Ltd.

61.55

NIL

15

 Noble Merchandise Ltd.

158.18

NIL

40

 Noble Merchandise Ltd.

131.53

NIL

25

Bebas Textile Pvt. Ltd.

63.24

NIL

15

The National Leather Cloth Mgg Co.

99.55

NIL

15

Hamco Mining & Smelting Ltd.

437.61

NIL

91

Hamco Mining & Smelting Ltd.

331.3

NIL

78

Hamco Mining & Smelting Ltd.

815.51

NIL

205

Seva Enterprises

70.54

NIL

17

Safetec Disposable Pvt. Ltd.

19.35

NIL

9.9

Reliance Silicon

53.15

NIL

12.5

Duplex Wires Pvt. Ltd.

21.94

NIL

63

M/s Supreme India Impex Ltd.

1.62

--

3.5

Om Handicraft

9.35

--

4

M/s J.Y. International

4

--

9.5

Seasons Overseas

0

--

6

M/s SawariyaImpex

13.13

1.99

13.32

M/s TMB Electronics

9.59

1.43

9.67

M/s Shree Balaji Enterprises

13.59

--

11

M/s Wadia Exports

2.42

--

4.5

M/s Dream Home Carpets

7.43

7.43

2.5

M/s Blue Ocean Enterprises

50

50

50

M/s Scandia Exports Pvt. Ltd.

57.17

57.17

55

M/s Shree Venkateswara Export

1.77

1.77

10

M/s Jonam International

5.71

--

2.07

M/s RPS Clothing Linen Pvt. Ltd.

3.17

--

4.17

M/s Kundan Trading

12.58

--

3

M/s Eastern Rug Manufactures

0.85

--

0.3

M/s Essiposs Fashions Pvt. Ltd.

12.56

--

12.5

 

Year- 2017-18

Amt. in Lakhs

Name of the Company

Amount of Duty Evasion Confirmed

Amount of Duty recovered

Amount of fine/penalty

Patel Woods Products Pvt. Ltd

267.45

31.38

9

Ornate Ceramics Ltd

291.75

9.03

9

Sogo Ceramics Pvt. Ltd

343.05

65.36

4

Essar Oil Ltd

2778.42

0

2778.42

Pioneer Extruders Pvt. Ltd

43

0

0.5

MR Agro

18.91

0

0

Kishore Exports

32

0

0

Royal Hygiene Care

227.86

34.26

0.1

AmulyaVastra

 

 

 

MaaDurga Embroidery

8.22

0

2.85

R.P. Knitwears

2.41

2.41

0.5

Vanzara Exports

3.37

3.37

0.65

D.L. Samrat Hosiery

2.09

0.34

0

Chopra Fashion, Ludhiana

6.08

6.08

1.4

Rishi Knitwears

2.52

2.52

0.75

Amit Embroidery, Ludhiana

1.57

1.57

0.39

Nav Pankaj Creations

0

0

0.75

D.K. Dawar Hosiery

2.68

2.68

1.67

Vikas fashion, Ludhiana

2.62

2.62

2.4

PS & AV Knitwears

0

0

0.75

S.S. Hosiery

0

0

1.5

N.K. GoelKnitwears

0

0

0.6

Guru Nanak Hosiery works

1.4

1.4

0.85

M.S. Saini Knitwears

0.31

0.31

4.07

P.S. International

1.62

1.62

1.8

Radiant Knitwears

3.78

3.78

1.94

Knitway International

1.2

1.2

0

Sharman Knit Fashions &Upal Hosiery

3.56

3.56

3.75

Uppal Hosiery

0

0

0.89

Shankar Embroidery

3

3

2.95

Koshki Creations

4.93

4.93

0.73

RadhaKnitwears

3.78

3.78

0.56

Ansari Knitwears

16.91

16.91

2.53

Pratibha Industries Ltd

571.89

572.57

571.89

Axiom Cordages

1262.26

0

2.5

Amit Filaments

6.76

6.76

7

Aditya Enterprises

40.4

0

3

Riyansh Fashions

27.92

27.92

25

Riya Dnim

33.72

33.72

29.5

Indian Technomac Ltd

1179.07

1100

2179.07

BhushanStell Ltd

310.55

335.48

24.93

Visa Bao Ltd

5.9

0

8.5

Ganapathy Spinning Mills

50.49

50.49

30

Vandeu International Pvt. Ltd.

0

0

0.375

Omega Marketing

0

0

17.6

Mohta Plywood Industries Pvt. Ltd.

0

0

5.47

Cornado Traders Pvt. Ltd.

0

0

10.66

Narayan Overseas

0

0

5.4

LiliputKidswear ltd.

38.31

0

3.5

LiliputKidswear ltd.

47.06

0

4.5

LiliputKidswear ltd.

45.91

0

4.25

LiliputKidswear ltd.

14.21

0

1.25

LiliputKidswear ltd.

4.61

0

1

LiliputKidswear ltd.

1.39

0

1

LiliputKidswear ltd.

3.28

0

1

Sujal Seven Seas Exports Pvt. Ltd.

0

0

13

Rockland Overseas

0

2

23.34

Umesh Exports

0

0

11

DATC (India) Pvt. Ltd.

23.23

 NIL

22.25

SGL Carbon India

39.28

 NIL

33.5

Empower Gensets Pvt. Ltd.

27.11

 NIL

27.5

Expectations/Safetec

5.11

 NIL

2.5

Gujarat Cypromate

18.62

 NIL

5.1

Skylink Chemicals Pvt. Ltd.

10.98

 NIL

7

Skylink Chemicals Pvt. Ltd.

15.82

 NIL

11.5

Skylink Chemicals Pvt. Ltd.

20.37

 NIL

12

Expectations

9.7

 NIL

1.96

Skylink Chemicals Pvt. Ltd.

9.91

 NIL

5.9

Bhagwati Readymade Corporation

29.68

 NIL

24.95

Skylink Chemicals Pvt. Ltd.

10.85

 NIL

8.5

Skylead Chemicals Ltd.

8.47

 NIL

5.8

Skylead Chemicals Ltd.

13.39

 NIL

9.3

Skylink Chemicals Pvt. Ltd.

7.91

 NIL

6.75

Skylink Chemicals Pvt. Ltd.

37.1

 NIL

33.5

Skylink Chemicals Pvt. Ltd.

36.48

 NIL

23

Skylink Chemicals Pvt. Ltd.

7.05

 NIL

5.7

SGL Carbon India

3.61

7.69

5.35

Empower Gensets Pvt. Ltd.

15

 NIL

16.5

Skylead Chemicals Ltd.

34.46

 NIL

23.4

Pitambra Books Pvt. Ltd.

34.44

 NIL

30

Vintage Chemicals

12.47

 NIL

6.2

 Apex International

10.39

 NIL

10

R. K. Polymers

12.18

 NIL

11

Skylead Chemical Ltd.

28.92

 NIL

27.85

Naidu Synthetics Pvt Ltd

39.13

 NIL

9.4

Ventron Organics Ltd.

30.24

 NIL

7.75

VinyroyalPlasticoates Ltd.

45.81

 NIL

11.3

Devki Exports Ltd & Others

272.73

 NIL

75

West Coast Industries

                   -  

 NIL

4.28

M/s Peninsula Exports

0

0

4

Neel Exim

12.74

0

0

 

Year - 2018-19

Amt. in Lakhs

Nameof the Company

Amount of Duty Evasion Confirmed

Amount of Duty recovered

Amount of fine/penalty

Ashutosh Creation

7.55

0

16.55

China Fashion

10.23

0

0.5

DealtaAgrotech

24.6

0

0

Divine Overseas

0

0

4

KG Enterprises

0

0

4

Universes Impex

2.63

2.63

3.13

S.S. Trader

0.51

0.51

5

V.S. International

    

2.2

Sadhav Engineering Ltd

26.1

26.1

6.52

Genuine Export

0.224

0

0.578

AU Finja Jewels

324.364

0

43

Anika Apparel Pvt. Ltd.

0.77

0

0

Cosmic Export Solutions(I) Ltd

7.53

0

0

Bright Traders

10.16

0

0

United Enterprises

4.08

0

0

Mohammad Ali and CO.

241.3

0

0

Paras Industries

176.7

0

0

N.S. Inc

195.21

0

0

Lavin Exports and Imports Pvt. Ltd

421.21

0

0

Universal LSS Exports India Pvt/ Ltd

219.1

0

0

SeaskyRaiments Pvt. Ltd.

731.4

0

0

Joy Garments

24.95

0

0

Classsic Agency

8.74

0

0

Hardev Exports

51.17

0

0

Pritam Overseas

29.88

0

0

Glass World

0

0

1.5

Ralco Steel Ltd.

174.9

0

209.9

Abhijeet MADC Nagpur Energy Pvt. Ltd

477.26

0

65

Abhijeet MADC Nagpur Energy Pvt. Ltd

531.33

0

75

Indian Metal & Ferro Alloys

0

20

20

Krishna Overseas

0

0

3.08

Lakshay Creation

0

0

4.05

Aura Creations

0

0

3

R.S. Exports

0

0

4

Usha Industries (India)

0

0

5

R.G. Overseas

0

0

3

Fab Impex Traders

0

0

21

CorevetteTradelink Pvt. Ltd.

0

0

2.02

Shiva Traders

0

0

5.2

Commtra Exim LLP

0

0

3.2

Gaurvi Trading

0

0

3

SilverlineImpex

0

0

35

Decent Collection

0

0

65

Bluebells Enterprises

0

0

16.5

M.G. Exports

0

0

4.5

S.K. Selin Dresses

0

0

23.5

S.S Enterprises

0

0

5.06

Marhabba overseas Pvt. Ltd.

0

0

13

Super Fashion

0

0

48

Mahajan Fabric Pvt. Ltd.

0

0

12

K.S. Designs

0

0

3.1

Bhumika Export

0

0

29.6

Tran Overseas

0

0

3

Aarohi Overseas

0

0

3

Parvati Trading House

0

0

2.5

Shree Ganesh Enterprises

0

0

4.5

Dominion Expo Venture pvt. Ltd.

0

0

4

VHS Ventures

0

0

7

Bhumi Exports

0

0

4

ABD Enterprises

0

0

3.5

S.G. Enterprises

0

0

3.2

Ess Tee Exim

0

0

5.5

Skylink Chemicals Pvt. Ltd.

12.99

NIL

9.25

Abir Chemicals Ltd.

6.6

NIL

3.1

Abir Chemicals Ltd.

15.7

NIL

8.5

Abir Chemicals Ltd.

39.15

NIL

20.9

Abir Chemicals Ltd.

25.6

NIL

15.5

Abir Chemicals Ltd.

13.29

NIL

8.25

Aiges India Marketing Pvt. Ltd.

17.03

NIL

12.7

Naidu Synthetics Pvt Ltd

38.85

NIL

16.75

Lancent Exports

24.41

NIL

12.4

Swil Ltd

49.02

NIL

24.9

A H Exports

28.7

NIL

15.75

Indian Technomac Co Ltd

39.78

NIL

43.9

Kamdhenu Wires

15.05

NIL

17.5

Abir Chemicals Ltd.

37.39

NIL

19.7

Abir Chemicals Ltd.

41.37

NIL

22

 Amit Dye Chem Industries

8.17

NIL

5.8

 Amit Dye Chem Industries

11.54

NIL

9

Skylead Chemicals Ltd.

5.46

NIL

4.5

Alcobex Metals Ltd.

34.42

NIL

23.4

Skylink Chemicals Pvt. Ltd.

27.06

NIL

24.7

Abir Chemicals Ltd.

17.36

NIL

8.7

Abir Chemicals Ltd.

40.64

NIL

24

Abir Chemicals Ltd.

13.33

NIL

6.25

Abir Chemicals Ltd.

41.57

NIL

19

Abir Chemicals Ltd.

12.42

NIL

6.2

Abir Chemicals Ltd.

42.49

NIL

22

Aiges India Marketing Pvt. Ltd.

17.18

NIL

12.7

Aiges India Marketing Pvt. Ltd.

17.47

NIL

12.7

Concept Pharmaceuticals Ltd

6.63

NIL

8.6

PLG Power Ltd

31.86

NIL

31

AREVA T & D INDIA LTD

17.26

17.26

19.7

United Industries.

6.78

NIL

8.65

CONCEPT PHARMACEUTICALS LTD

7.99

NIL

8.25

NATIONAL LAMINATION INDUSTRIES

40.8

NIL

49

R.S.ELECTRONICS PVT LTD

9.8

NIL

13.95

PLENTHICO PHARMACEUTICALS LTD

18.11

NIL

19.8

R.K.POLYMERS

4.54

NIL

4.95

Teracom Ltd.

10

NIL

162.73046

Apex Electrical Ltd.

1.8

NIL

25.18277

Uniworth Textiles Ltd.

31.84

NIL

28

Empower GensetsPvt Ltd

12.29

NIL

11.2

Bebas Textile Pvt. Ltd.

37.64

NIL

12.75

Aiges India Marketing Pvt. Ltd.

15.58

NIL

11.5

Aiges India Marketing Pvt. Ltd.

17.5

NIL

12.7

Sulzer Pumps India Ltd.

0

10.9

10.9

Traders INN Marketing & Distributors Pvt. Ltd.

8.23

NIL

11.8

Aiges India Marketing Pvt. Ltd.

18.96

NIL

13.85

Aiges India Marketing Pvt. Ltd.

17.5

NIL

12.7

Aiges India Marketing Pvt. Ltd.

18.25

NIL

12.8

Aiges India Marketing Pvt. Ltd.

18.4

NIL

13.8

Aiges India Marketing Pvt. Ltd.

18.79

NIL

13.8

Aiges India Marketing Pvt. Ltd.

17.6

NIL

12.75

Aiges India Marketing Pvt. Ltd.

18.82

NIL

13.85

Aiges India Marketing Pvt. Ltd.

17.5

NIL

11.7

Aiges India Marketing Pvt. Ltd.

18.86

NIL

12.8

Aiges India Marketing Pvt. Ltd.

17.02

NIL

12.7

Aiges India Marketing Pvt. Ltd.

18.03

NIL

12.8

Aiges India Marketing Pvt. Ltd.

13.95

NIL

13.35

Aiges India Marketing Pvt. Ltd.

14.83

NIL

11.45

Aiges India Marketing Pvt. Ltd.

18.09

NIL

13.8

Aiges India Marketing Pvt. Ltd.

18.49

NIL

13.8

Aiges India Marketing Pvt. Ltd.

9.59

NIL

11.95

Aiges India Marketing Pvt. Ltd.

9.58

NIL

8.95

Aiges India Marketing Pvt. Ltd.

18.66

NIL

12.85

Aiges India Marketing Pvt. Ltd.

14.84

NIL

11.45

Aiges India Marketing Pvt. Ltd.

12.92

NIL

11.25

Aiges India Marketing Pvt. Ltd.

17.28

NIL

12.7

 R.D. Engineers (India) Pvt. Ltd.

9.63

9.63

4.9

Aiges India Marketing Pvt. Ltd.

18.78

NIL

13.8

Aiges India Marketing Pvt. Ltd.

17.2

NIL

12.7

Aiges India Marketing Pvt. Ltd.

17.95

NIL

12.75

Aiges India Marketing Pvt. Ltd.

18.88

NIL

13.8

Aiges India Marketing Pvt. Ltd.

18.47

NIL

13.8

Aiges India Marketing Pvt. Ltd.

17.14

NIL

12.7

Aiges India Marketing Pvt. Ltd.

17.6

NIL

12.75

Aiges India Marketing Pvt. Ltd.

15.89

NIL

11.5

Aiges India Marketing Pvt. Ltd.

17.7

NIL

12.75

Aiges India Marketing Pvt. Ltd.

18.63

NIL

13.8

Aiges India Marketing Pvt. Ltd.

22.15

NIL

12

Aiges India Marketing Pvt. Ltd.

14.83

NIL

11.4

Aiges India Marketing Pvt. Ltd.

18.47

NIL

13.8

Aiges India Marketing Pvt. Ltd.

9.59

NIL

11.9

Aiges India Marketing Pvt. Ltd.

14.6

NIL

11.45

Aiges India Marketing Pvt. Ltd.

23.32

NIL

17.25

Aiges India Marketing Pvt. Ltd.

18.73

NIL

13.85

Aiges India Marketing Pvt. Ltd.

18.56

NIL

13.8

Bebas Textile Pvt. Ltd.

42.22

NIL

15.5

Bebas Textile Pvt. Ltd.

43.62

NIL

14.25

Sulzer Pumps India Ltd.

30

32.9

2.9

M/s Bright Collection

0.68

0.68

4

M/s K.S. International

12.55

12.55

5.25

M/S. SHREE EXPORTS

8.19

8.19

7

M/s Hari GovindTex Fab (I) Pvt. Ltd.

14.71

0

14

Opera Natural Resources Pvt. Ltd.

18

0

19

M/s Terrain Overseas India

20.55

20.55

7

M/s Dukes Exports

7.32

7.32

5

Nagaria Exports

2.45

0

2

This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today.

Topics

Acts Income Tax
Next ➔