Large scale misuse of Drawback Scheme on exports of cotton knitted garments through ICDs in Tamil Nadu by willful and gross over-invoicing and manipulation of documents by dubious exporters of garments - Circulation of modus operandi adopted - regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....and  gross  over-invoicing  and  manipulation  of  documents  by  dubious  exporters  of  garments  - Circulation of  modus  operandi  adopted  - regarding.               Commissioner of  Customs, Trichy ,   has   informed  that  they   have come  across  certain  cases  of  fraudulent  exports  of cotton knitted  garments where  the  exporters  indulged  in  over-invoicing  of  goods  to avail of  higher  unintended  duty drawback  benefits by adopting&nbsp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bsp; They  only mentioned the  rate  per  piece  and the  quantity. The  unscrupulous elements procured  readymade  banians   of      inferior      quality  from the  market  and  declared   the  f.o.b.  value almost 15 to 20  times  the  present  market  value  of  the garments. 3.       Officers  of  the  Special Investigation  Brach  at  the  Gateway  Ports  of  Cochin and  Tuticorin had  detained  and  re-examined  some consignments,  on the  basis&....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nbsp;                             During  investigation,  it also came to light  that  for such  exports GR  forms  are not being  filed  with the banks.  Consequently,  such  transactions  do not  get  reflected  in the records of the Reserve  Bank of India  as well as  in the  XOS(Exports  outstanding) statements  sent  by the  RBI  to the  respective  ports to  monitor  the  foreign  inward  remittances. These  exporters do  not main....