DRI catches a stockpile of iPhones worth Rs. 42.86 crore being smuggled into the country

Last updated: 29 November 2021


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 (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 -

DRI catches a stockpile of iPhones worth Rs. 42.86 crore being smuggled into the country

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 forty-six) iPhone-13 mobile phones were found in the intercepted consignments. The above-mentioned mobile phones and apple smartwatch, not having been declared, were seized under the Customs Act, 1962. The total value of the seized goods is around Rs. 42.86 crore, while the declared value of the goods was only Rs. 80 lakh.

iPhone 13 models went for sale in India from September 2021 onwards, with a base price of Rs. 70,000/-, and some of the higher-end models costing up to Rs. 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 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.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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