<h1>Customs fraud uncovered: luxury furniture imports undervalued by 70-90%, Rs.30 crore duty evaded under Customs Act</h1> The Directorate of Revenue Intelligence uncovered a large-scale customs fraud involving the import of luxury furniture, where declared values were undervalued by 70% to 90%, causing customs duty evasion estimated at Rs.30 crore. The scheme involved coordinated use of dummy importers, local intermediaries, overseas shell companies, and fabricated invoices to misdeclare branded goods as unbranded at lower values. Goods were directly sourced from European suppliers but invoiced through shell entities, cleared under false declarations, and then transferred on paper to the actual owners. Key conspirators, including the beneficial owner, dummy importer, and intermediary, were arrested under the Customs Act. This case follows a similar earlier bust involving Rs.20 crore in evaded duties. Investigations continue into the broader network facilitating these fraudulent imports, highlighting ongoing efforts to combat commercial frauds that harm government revenue and distort market competition.