Quick Summary
A Customs inspector posted in Ahmedabad has been arrested for his alleged role in a large-scale tax fraud involving the illegal availing of input tax credit (ITC) on exports. The accused, Inspector Roopram Yadav, was arrested by officials of the Directorate of Revenue Intelligence (DRI) in connection with a long-running racket suspected to have siphoned off crores of rupees by misusing IGST and compensation cess benefits on exports. Fake Energy Drink Exports Used to Claim ITC According to i
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FAQ :
He was arrested for his alleged role in a tax fraud involving the illegal claiming of input tax credit (ITC) on exports, suspected to have siphoned off crores of rupees.
The racket involved exporting fake energy drinks, which attract high IGST and cess. Consignments were cleared under a fictitious firm, with bottles containing only coloured water, to generate bogus IGST refunds.
Investigators estimate that the fraudulent input tax credit claimed could run into several crores of rupees, with the illegal gains exceeding Rs 2 crore, the threshold for arrest.
Following communication from the DRI, the Customs Department placed Roopram Yadav under suspension on January 12.
Yes, investigators suspect the involvement of another Customs inspector or official, and further arrests cannot be ruled out as the probe continues.
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