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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
STARRED QUESTION NO: 418
ANSWERED ON:  21.02.2014
UNDERVALUING OF GOODS FOR DUTY EVASION
ASADUDDIN OWAISI
RUDRAMADHAB RAY
Will the Minister of



FINANCE be pleased to state:-




(a) whether the Government has taken note of importers undervaluing foreign goods for evading customs duty;

(b) if so, the details thereof for the last three years and the current year;

(c) the number of cases reported and detected by the Directorate of Revenue Intelligence (DRI) and the estimated loss of duty due to undervaluation of goods;

(d) whether DRI/Department has issued show cause notices to some firms in this regard; and

(e) if so, the details thereof and further remedial steps taken or being taken by the Government in this regard?


ANSWER

FINANCE MINISTER
(SHRI P. CHIDAMBARAM)

(a) to (e): A statement is placed on the Table of the House.

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