New Delhi: The Directorate of Revenue Intelligence (DRI) has initiated a probe into imports of equipment by wind energy companies over possible misdeclaration and underpayment of customs duty, said people with knowledge of the matter. It authorised a search at the Delhi office of Ostro Bhesada Wind Pvt Ltd, a subsidiary of ReNew Power, they … Read more
The Delhi High Court has stayed the proceedings relating to foreign currency registered against Hero Motocorp Chairman Pawan Kant Munjal by the Directorate of Revenue Intelligence (DRI). The high court, in an interim order of November 3, noted that Munjal has been exonerated by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) on the … Read more
NEW DELHI: The Directorate of Revenue Intelligence (DRI) has conducted a search operation at the headquarters of Havells India, a leading manufacturer of electrical goods and appliances. DRI acts as the lead agency to check smuggling and cases of commercial fraud. “The Directorate of Revenue Intelligence has conducted a search at the Corporate office of … Read more
The Securities and Exchange Board of India (Sebi) allegedly “concealed” a 2014 alert by the Directorate of Revenue Intelligence (DRI) on possible diversion of funds and stock market manipulation by Adani Group companies when the regulator made its status report to the Supreme Court on investigations into the Hindenburg Research findings, according to an affidavit … Read more
MUMBAI: The Directorate of Revenue Intelligence (DRI) has busted a gold smuggling racket and arrested six persons, including an employee of a private airline and two gold melters from Kalbadevi. The officials seized 7.5kg of gold dust, cash and silver coins with a total value of Rs 4.51 crore.The accused have been identified as airline … Read more