ANI
24 Jan 2023, 23:48 GMT+10
Mumbai (Maharashtra) [India], January 24 (ANI): During the last month, the Directorate of Revenue Intelligence (DRI), Mumbai intercepted several consignments of insecticides being smuggled into India with the active connivance of the Chinese suppliers of these items, Directorate of Revenue Intelligence said on Tuesday.
DRI said that the smuggling activity was being carried out by a syndicate that was smuggling insecticides, namely, Chlorantraniliprole, and Abamectin Benzoate, by declaring them as 'Vinyl Acetate Ethylene Copolymer'.
"Intercepted consignments weighing 30 MTs with an estimated value of around Rs 16.8 cr have been seized under the Customs Act, 1962. The test reports have confirmed the goods to be insecticides only," DRI said.
According to the DRI, during the investigation, several pieces of evidence have been recovered which reflect that such smuggling activity has been going on for a long time.
"The investigation unravelled that the syndicate was operating in complicity with the Chinese suppliers. The Chinese suppliers were intentionally mis-declaring the insecticides as Vinyl Acetate Ethylene Copolymer in their documents to facilitate the smuggling. The illegal proceeds from the sale of smuggled insecticides were being sent to the Chinese suppliers through the hawala network," it said. (ANI)Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationNEW YORK, New York - U.S. stocks tumbled again on Tuesday, igniting fear of the fallout from U.S. President's Donald Trump's trade...
TOKYO, Japan: Nissan may soon make a strategic shift in its manufacturing operations, according to a new report from Japan's Nikkei...
PARIS, France: A spike in vegetable oil costs helped steady global food prices in March, offsetting declines in other staples like...
SINES, Portugal: A massive data centre project in Portugal is set to receive a multi-billion-euro boost, as tech giants fuel global...
NEW YORK, New York - U.S. stocks settled on Monday following massive falls across the globe. Hong Kong's key index, the Hang Seng dived...
WINDSOR, Ontario: Production at Stellantis' Windsor, Ontario assembly plant will pause for two weeks, as mounting trade tensions trigger...
GENEVA, Switzerland: Japan's car industry is facing a multibillion-dollar blow as sweeping U.S. auto tariffs threaten its largest export...
MANILA, Philippines: A Philippine security official stated that acquiring F-16 fighter jets from the United States will not harm any...
SINGAPORE: BOC Aviation is betting big on the future of air travel, placing major orders with both Airbus and Boeing as it moves to...
TOKYO, Japan: U.S. Defense Secretary Pete Hegseth said Japan is essential for handling China's aggression, especially in the Taiwan...
TAIPEI, Taiwan: Taiwan's leadership was on high alert ahead of the U.S. tariff announcement, with President Lai Ching-te convening...
The US president has vowed to keep levies in place until Beijing makes a deal The United States has hiked tariffs on all Chinese...