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DFIA MISUSE
Silver jewellery import clarification brings relief to exporters, silver, gold likely to remain bullish: Naveen MathurGovernment's recent silver jewellery import rule clarification offers significant relief to genuine exporters, removing earlier uncertainti...- Some companies misuse duty-free import scheme: GTRI calls it 'licence to loot'The Duty-Free Import Authorization (DFIA) scheme, intended to lower exporter costs, is reportedly being exploited, becoming a "license to l...
- Over Rs 1,800 cr duty evasion detected by DRI last fiscalAs many as 434 cases involving duty evasion of Rs 724.46 crore were registered by the agency during 2007-08 as against 391 cases in 2009-10.
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