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



Quick Summary
The Directorate of Revenue Intelligence (DRI) has successfully intercepted a significant smuggling operation at Mumbai's Air Cargo Complex. Two consignments arriving from Hong Kong, falsely declared as memory cards, were found to contain 3,646 iPhone 13 series mobile phones and Apple Watches. The total value of the seized items is approximately ₹42.86 crore, a stark contrast to the declared value of just ₹80 lakh. This operation highlights the swift adaptation of smuggling networks to new, high-value products.

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 C
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FAQ :

The DRI seized 3,646 iPhone 13 series mobile phones and Apple Watches.

The declared value of the goods was only Rs. 80 lakh.

The total value of the seized goods is around Rs. 42.86 crore.

The iPhones were found in two consignments at the Air Cargo Complex, Chhatrapati Shivaji International Airport, Mumbai.

The goods were falsely declared as 'memory cards' in the import documents.

Import of mobile phones into India attracts an effective Customs Duty of around 44%.




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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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