Bhopal (Madhya Pradesh): Customs officers in Indore conducted coordinated searches across eight locations after receiving intelligence about misuse of the Advance Authorisation Scheme by M/s Som Distilleries and Breweries Ltd, sources said on Thursday.
The searches, carried out on Wednesday and Thursday, covered three company premises in Raisen and Bhopal and five premises of their Customs Brokers in Indore, Mandideep and Bhopal, who facilitated import and export operations.
VIDEO: Traffic Police Dragged Over 10 Meter On Car Bonnet While Trying To Stop Minor Driver In MP's Gwalior; Locals Thrash Him On RoadAccording to reports, authorities allege that the company diverted large quantities of duty-free imported materials into the domestic market instead of using them to produce goods for export, violating the scheme.
Duty-free import of raw materials for exports product
Investigations revealed that distilleries had imported empty beer bottles and cans under the scheme, which allows duty-free import of raw materials for manufacturing export products. Instead of meeting export obligations, the materials were repackaged with liquor and sold domestically.
The company has deposited Rs 14 crore in duty so far, though the final amount of duty evaded, including interest and penalties, is still under assessment. Investigations are on to determine full extent of the violation.
You may also like
Where did all the birds go? The surprising reason UK gardens are so quiet
Can't cook dal on my own, but I can be the 'namak': Chirag Paswan clears air on 2025 Bihar CM ambitions, eyes bigger game
All the DWP PIP changes you are not required to report
Netflix chief's candid 1-word assessment of Meghan Markle's influence
Saiyaara beats Coolie to take first spot on OTT charts: Where to watch the Hindi blockbuster and Rajinikanth's action movie online