Director of private firm nabbed for duty evasion

Tribune News Service

Ludhiana, February 28

One of the directors of a city-based pesticide firm was arrested by the Directorate of Revenue Intelligence (DRI) for duty evasion. Modern Pesticides in August 2020 had sent a consignment to Dubai worth Rs 45 lakh.

In November 2020, the consignment was sent back after it got rejected but the rejected consignment was worth Rs 3.5 crore.

There was an evasion of Rs1 crore and after a raid on the factory premises located at Kohara and residence at Krishna Nagar, one of the two directors of the company was arrested.