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    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
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    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
    Show AI Summary
    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
    Show AI Summary
    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.

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      Customs, DGFT & SEZ

      Misuse of Export Promotion Schemes

      July 10, 2019

      Contents
      Acts
      Rules & Regulations
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      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

      ActsIncome Tax