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 .

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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,