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![PIB_India Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::231033118.png) PIB India [@PIB_India](/creator/twitter/PIB_India) on x 3.2M followers
Created: 2025-07-23 05:14:35 UTC

Designer deals, deceptive declarations: Directorate of Revenue Intelligence (DRI) busts multi-crore luxury furniture import racket 

Preliminary findings indicate a gross undervaluation of XX% to XX% of actual transaction value, resulting in estimated customs duty evasion of approximately ₹30 crore 

The investigation conducted thus far revealed that branded luxury furniture was being directly sourced by beneficial importer from reputed Italian and other European suppliers, invoicing was being done in the names of shell companies based in jurisdictions such as Dubai 

Read here: 

@FinMinIndia  @cbic_india

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**Related Topics**
[luxury](/topic/luxury)
[india](/topic/india)
[pib](/topic/pib)

[Post Link](https://x.com/PIB_India/status/1947888048383136227)