DRI busts iPhone smuggling Racket

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....RI busts iPhone smuggling Racket <br>News and Press Release<br>Dated:- 29-11-2021<br><BR>The Directorate of Revenue Intelligence has caught a stockpile of iPhones being smuggled into the country. After developing precise intelligence, officers of Directorate of Revenue Intelligence (DRI) inspected two consignments on 26.11.2021. These consignments had arrived from Hong Kong, at Air Cargo Complex ....

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....(ACC), Chhatrapati Shivaji International Airport, Mumbai. In the import documents, the goods were declared as "memory cards". Physical examination, however, revealed that the consignments actually contained the following items- Description Quantity iPhone 13 Pro 2,245 iPhone 13 Pro Max 1,401 Google Pixel 6 pro 12 Apple Smart Watch 1 Thus, a total of 3,646 (three thousand six hundred and....

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.... forty-six) iPhone-13 mobile phones were found in the intercepted consignments. The above mentioned mobile phones and apple smart watch, not having been declared, were seized under the Customs Act, 1962. The total value of the seized goods is around &#8377; 42.86 crore, while the declared value of the goods was only &#8377; 80 lakh. iPhone 13 models went for sale in India from September 2021 onwa....

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....rds, with a base price of &#8377; 70,000/-, and some of the higher-end models costing up to &#8377; 1,80,000/-. Import of mobile phones into India attracts effective Customs Duty of around 44%. The detection of attempted smuggling of these high-end phones of latest models in such large numbers shows how quickly the smugglers establish their smuggling networks for the latest products, like iPhone ....

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....13. This detection has helped unearth a serious import fraud, reinforcing DRI's ability to detect and combat unique and sophisticated methods of smuggling, having substantial revenue implications. As the guardians of the nation's economic frontiers, DRI remains steadfast to combat smuggling.<BR> News - Press release - PIB....