On November 1, the Directorate of Revenue Intelligence (DRI), the investigative arm of India's customs authorities, filed an affidavit before the Delhi High Court clarifying the status of its investigations into alleged overinvoicing of imports by a number of companies.
WhatsApp: +86 18203695377
The DRI went on to claim that total exports of CPD by the Indian companies in the Adani Group in 200405 were worth 1, million, out of which goods worth 1, million (or % of the ...
WhatsApp: +86 18203695377
Since 2016, DRI has been trying to procure transaction documents related to Adani's dealings from Singapore authorities as it suspects many of the group's coal shipments imported from Indonesian ...
WhatsApp: +86 18203695377
The DRI has monitored the details of coal imports of these companies till 31 March 2016, information accessed by the authors suggests. Web of Scams. This revelation comes weeks after the DRI secured the first arrest of an accused person who was allegedly involved in overinvoicing of coal imported from Indonesia.
WhatsApp: +86 18203695377
Adani News Live: The Supreme Court disposed of the petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations leveled by the DRI against three Adani group subsidiaries. The US shortseller Hindenburg Research had mentioned the DRI ...
WhatsApp: +86 18203695377
The DRI probe against Adani and other firms began, after the agency issued a general alert to its field formations across India in March 2016, outlining the modus operandi of overinvoicing of coal imports from Indonesia. DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of ...
WhatsApp: +86 18203695377
The DRI case against the Adani Group assumes significance as the Central Electricity Regulatory Commission (CERC) had in November 2017 pointed out that findings of the probe into alleged overinvoicing of Indonesian coal imports by Adani Power would affect the compensation it received from distribution companies in Haryana.
WhatsApp: +86 18203695377
In 2016, he said the DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan were overinvoicing imported Indonesian coal with the goal of "siphoningoff money abroad" and "to avail higher power tariff compensation based on artificially inflated cost of ...
WhatsApp: +86 18203695377
The DRI told the SC that the preliminary scrutiny of the import data/documents during October 2010 to March 2016 revealed that the Adani group of companies had imported about 1,300 consignments of ...
WhatsApp: +86 18203695377
An investigation by the Directorate of Revenue Intelligence into overinvoicing of imports of coal and power generating equipment has tasted defeat in a tribunal. The DRI intends appealing the tribunal's decision. A Delhi based company, Knowledge Infrastructure Systems Private Limited, which has been accused of overinvoicing coal imported from Indonesia and had faced penalties imposed on it ...
WhatsApp: +86 18203695377
The DRI sent demands for information about Adani just before Modi took office in May 2014, after a campaign in which he crisscrossed the country in an Adani jet and helicopters.
WhatsApp: +86 18203695377
Adani has denied wrongdoing, saying that Indian authorities assessed its coal shipments before releasing them from ports. — Reuters. Indian investigators are seeking to restart a probe into ...
WhatsApp: +86 18203695377
In April 2018, the Customs, Excise Service Tax Appellate Tribunal had rejected a DRI plea seeking over Rs 29,000 crore from a clutch of these 40 companies for alleged overvaluation of coal ...
WhatsApp: +86 18203695377
Five Adani companies and a further five supplied by the group were among 40 importers named by the DRI in a 2016 notice of an investigation into intelligence that they were "artificially ...
WhatsApp: +86 18203695377
The documents, compiled in 2014 by India's directorate of revenue intelligence (DRI), accuse Adani Group of ordering hundreds of millions of dollars' worth of equipment for an electricity ...
WhatsApp: +86 18203695377
Wed 6 Apr 2016 EDT Last modified on Wed 26 Oct 2016 18 ... prices of coal in official billing documents, the DRI alleged. ... Adani Group spokesman said all its coal imports had "taken ...
WhatsApp: +86 18203695377
The Indian Express reported on June 20, 2016 that three stateowned banks declined to provide to the DRI information lying with their overseas branches regarding transactions by leading power companies in connection with the coal imports case. The banks had cited confidentiality norms which prompted Revenue Secretary Hasmukh Adhia to write to these lenders to cooperate with the ongoing ...
WhatsApp: +86 18203695377
On August 21, 2017, the DRI adjudicating authority, Singh, summarily dropped all proceedings against the Adani group. He also dropped penal proceedings against various persons including ...
WhatsApp: +86 18203695377
"In 2016, the DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan were overinvoicing imported Indonesian coal with the goal of 'siphoning off money abroad' and 'to avail higher power tariff compensation based on artificially inflated cost of the imported coal'.
WhatsApp: +86 18203695377
A bench headed by Chief Justice Bobde issued notices to Adani Enterprises on the appeal filed by DRI in the DRI had initiated investigations in March 2016 against a few Adani group ...
WhatsApp: +86 18203695377
In some cases, laws were amended that allowed Adani Group companies to expand in sectors such as airports and coal. In turn, the stock value of the Adani Group rose from about 8bn in 2013 to ...
WhatsApp: +86 18203695377
On October 10, hearing a case regarding the alleged overinvoicing of Indonesian coal imported by the Adani Group, the Supreme Court clubbed the matter with another case related to alleged smuggling of dutyfree gold by a Hyderabadbased jeweller.
WhatsApp: +86 18203695377
يرغب أحد موردي المواد من بلجيكا في إنتاج مسحوق الحجر الجيري لملابسه...
الهند غنية بالموارد المعدنية المختلفة وهي سوق مهم لمعالجة المعادن
Copyright © 2023 GMC Co., Ltd. SiteMap
