Evasion of customs - misreporting of import value
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Hello,
A company is importing goods from China and is sending Cash via Dubai / hongkong for underinvoiced portion of the billings . As such , they are also avoiding paying customs on this . The CHA is also hands in glove with the company .
what is the legal implication of this ? I am being coerced to be a part of this but I fear about the legal implications so I want to stay away from this type of dealings .
would be obliged for a suitable answer .
A company is importing goods from China and is sending Cash via Dubai / hongkong for underinvoiced portion of the billings . As such , they are also avoiding paying customs on this . The CHA is also hands in glove with the company .
what is the legal implication of this ? I am being coerced to be a part of this but I fear about the legal implications so I want to stay away from this type of dealings .
would be obliged for a suitable answer .
RAMESH KUMAR VERMA
(Expert)
03 June 2013
actually DRI department of custom handles that case when after Monitoring the Date provided by parties / agent.
as soon as the DRI find out this manipulation importer will be impose heavy penalty till BLACKI LISTING TOO as per rule regulation under custom act.
any query,
Regards,
as soon as the DRI find out this manipulation importer will be impose heavy penalty till BLACKI LISTING TOO as per rule regulation under custom act.
any query,
Regards,
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