https://www.taxtmi.com/news?id=50232 Large-scale import fraud involved systematic undervaluation and misdescription of luxury furniture through dummy importers, overseas shell entities, fabricated invoices and local intermediaries to evade customs valuation and duties. DRI searches uncovered collusion among beneficial owners, intermediaries and dummy IEC holders, leading to arrests under the Customs Act, 1962 and ongoing investigation into the wider network and financial flows. en-us Wed, 23 Jul 2025 09:52:08 +0530 Wed, 23 Jul 2025 09:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50232 Large-scale import fraud involved systematic undervaluation and misdescription of luxury furniture through dummy importers, overseas shell entities, fabricated invoices and local intermediaries to evade customs valuation and duties. DRI searches uncovered collusion among beneficial owners, intermediaries and dummy IEC holders, leading to arrests under the Customs Act, 1962 and ongoing investigation into the wider network and financial flows. News - Wed, 23 Jul 2025 09:52:08 +0530 https://www.taxtmi.com/news?id=50232