The overall scale of false claims under the duty-drawback programme is far more staggering, according to DRI officials. This loophole, officials say, gives a long rope to crooks to perpetrate drawback frauds. But the DRI has alleged that Wadhera pocketed Rs 700 crore over the last two years in refunds as duty drawbacks. Customs facilities, according to the DRI, are limitedly equipped to carry out physical checks on all export and import containers. Also ReadExcise official arrested by DRI in Rs 100 crore fraud case

Source: India Today June 15, 2016 02:26 UTC