https://www.taxtmi.com/news?id=50221 Undervaluation and misdeclaration in luxury furniture imports were effected through dummy importers, local intermediaries, overseas shell entities and fabricated invoices to declare branded goods as unbranded at substantially reduced values, routing shipments directly from Europe while customs entries understated transaction value; DRI searches across business premises and associated entities identified complicity of beneficial owner, importer and intermediaries and led to arrests under the Customs Act for systematic duty avoidance. en-us Wed, 23 Jul 2025 00:01:04 +0530 Wed, 23 Jul 2025 00:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50221 Undervaluation and misdeclaration in luxury furniture imports were effected through dummy importers, local intermediaries, overseas shell entities and fabricated invoices to declare branded goods as unbranded at substantially reduced values, routing shipments directly from Europe while customs entries understated transaction value; DRI searches across business premises and associated entities identified complicity of beneficial owner, importer and intermediaries and led to arrests under the Customs Act for systematic duty avoidance. News - Wed, 23 Jul 2025 00:01:04 +0530 https://www.taxtmi.com/news?id=50221