New Delhi: On Friday, Directorate of Revenue Intelligence (DRI) has caught a big racket of smuggling luxury cars by running Operation Monte Carlo. This smuggling was happening in the name of diplomatic privilege. Such drives were conducted in 7 cities across the country, due to which 6 luxury cars have been recovered. Many other such cars are also being monitored.
How was this racket running?
Diplomatic cargo is exempted from customs duty. Taking advantage of this rule, criminals were defrauding the government of crores of rupees. If the cost of a luxury car is one crore rupees, then as a rule, after including all types of taxes, the government should get two crore four lakh rupees as tax on that car. But for the last five years, the arrested criminals were burping this entire amount by throwing dust in the eyes of the government.
These luxury cars had reached India from abroad
The criminals associated with car smuggling luxury cars from England, UAE and Japan without paying the total tax on luxury cars i.e. 204% of the value of the car Ordered and sold in India. Luxury cars were booked in the name of a diplomat and sold to someone else in India.
DRI chased these cars
This time to a Dubai based man Nipun Miglani, CEO of Big Boys Toys, a chain of second hand (pre-owned) luxury vehicles in India. was selling cars. These cars were to be registered in the RTO offices of Maharashtra, Himachal Pradesh and Punjab. When one of these cars was monitored by DRI officials, it was found that it was taken directly from Mumbai port to a showroom in Andheri and kept there for display to the general customers. This luxury car was ordered in the name of a Delhi-based diplomat of an African country.
3 criminals arrested in luxury car tax evasion racket
Three people including a Gurugram car dealer have been arrested so far. These include Liaquat Bachau Khan, Nipun Miglani (CEO, Big Boys Toys) and Suriya Arjunan.
Government lost Rs 25 crore
In the last five years more than 20 luxury vehicles have been smuggled in India in the name of Diplomat, due to which more than Rs. damage has been done.