<h1>Income Tax Raid Uncovers Massive Under-Invoicing, Bogus Loans, and Hawala Payments in Electronics Trade Across India.</h1> The Income Tax Department conducted search operations on an importer and trader of electronics in the NCR, Haryana, and West Bengal, uncovering large-scale under-invoicing and wrongful declarations of imported goods. Evidence revealed unrecorded transactions, unaccounted property investments, and bogus loans. The scheme involved using shell entities to import goods under false declarations to evade customs duties, distributing them via cash transactions. A container at Kolkata Port falsely declared as HDMI cables was found to contain high-value electronics worth Rs. 64 crore. Payments were made through hawala channels, with actual import values estimated over Rs. 2000 crore. Unaccounted cash of Rs. 2.75 crore was seized, and investigations continue.