More tax evasion cases Now its a garment export unit
Express News Service
Ludhiana Newsline, India
Ludhiana, July 13: After the detection of tax evasion to the tune of Rs 15 crore this April by Vishvkarma Alloys, the Central Excise Department has detected yet another fraud—involving another Rs 15 crore.
In a comprehensive investigation against a garment export house based in industrial area A, the department found it has claimed rebates worth Rs 15 crore over last three years. Duty invoices of Rs 12 crore were found bogus and further investigations are on, revealed VK Garg, Chief Commissioner, Central Excise Commissionerate, Ludhiana.
Garg however, did not reveal the name of the export house.
“As per our investigations, three manufacturing entities had been set up in the premises without independent manufacturing facilities. Even their collective manufacturing facilities are incapable of manufacturing many of the products said to be exported. Moreover, they are highly inadequate for the scale of goods shown to have been manufactured,†Garg said.
In addition, the department also found 120 bank accounts in different banks under different names. “To our surprise, on a single day we found cash transaction worth Rs 5.5 crore in one bank. Details of other accounts are yet to be taken,†Garg added.
Even the bank’s role have come under scanner.
Also, goods were said to have been supplied to four job workers in the records—of which, two were found non-existent. The two others have processing capacity for a meager quantity. Many invoices from Surat-based parties were found to be fake.
“The magnitude of the fraud may far exceed the initial estimates,†Garg added.
