DRI uncovers Rs 30 crore customs duty fraud in luxury furniture imports

DRI uncovers Rs 30 crore customs duty fraud in luxury furniture imports

The Directorate of Revenue Intelligence (DRI) on Tuesday (July 22) uncovered a large-scale customs fraud involving the import of premium luxury furniture. Acting on specific intelligence, DRI officials carried out searches at several locations, including business premises, warehouses, offices of freight forwarders, customs brokers, and other related entities. The investigation has revealed a well-planned network…

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Tribunal upholds ED appeal, says ‘prima facie’ case of money laundering against Chanda Kochhar

Tribunal upholds ED appeal, says ‘prima facie’ case of money laundering against Chanda Kochhar

In the high-profile money laundering case involving former ICICI Bank CEO Chanda Kochhar, the Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) has upheld the Enforcement Directorate’s (ED) appeal challenging an earlier order that had refused to confirm the provisional attachment of Kochhar’s assets. The Tribunal dismissed technical objections raised by Kochhar and…

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Rain lashes parts of Delhi, IMD predicts light to moderate showers for next two days

Rain lashes parts of Delhi, IMD predicts light to moderate showers for next two days

Rain lashed parts of Delhi on Sunday morning as the India Meteorological Department predicted light to moderate rain accompanied by thunderstorms likely to occur over Delhi during the next two days. IMD Delhi in a press release stated, “Generally cloudy sky. Light to moderate rain accompanied with thunderstorm/lightning likely to occur over Delhi during next…

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Maharashtra Power Tariff Cut: CM Fadnavis says domestic, industrial, commercial consumers to benefit alike—7 users in 10 to gain most

Maharashtra Power Tariff Cut: CM Fadnavis says domestic, industrial, commercial consumers to benefit alike—7 users in 10 to gain most

UMaharashtra Power Tariff Cut: Maharashtra Chief Minister Devendra Fadnavis on Wednesday announced the first ever cut in the state’s power tariffs. The tariff cut will be of 10 per cent in the first year, contributing to a total reduction of 26 per cent in five years.  ‘Good news on electricity tariffs’: Maharashtra CM announces electricity…

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