Bogus ITC of Rs. 1000 Crore passed: Syndicate of 569 Fake Firms Busted by DGGI

The CBIC Chairman in issued monthly newsletter has spoke about the case of GST Evasion and Fraudulent ITC Claim.

He stated, On the anti-evasion front, the Directorate General of GST Intelligence (DGGI) busted a major syndicate operating 569 fake firms and passing on fraudulent ITC in excess of Rs.1000 Crore to more than 2000 firms spread across 13 states. Kudos to the officers for their excellent detections.

He further said, On the anti-smuggling front, the week saw the Directorate of Revenue Intelligence (DRI) interdict 3.21 kg of “Black Cocaine’ valued in excess of Rs. 32 Crore. Black Cocaine is cocaine mixed with charcoal and certain chemicals which gives it a black rubber appearance so as to evade detection by canines and certain chemical testing kits.

At last, he pointed out that Hyderabad Customs deserves special mention for taking action to destroy more than 8900 kgs of drugs valued at about Rs.295 Crore on the occasion of the International Day against Drug Abuse.