300 Crore Pesticide Scam Money Came Through Hawala, ED-GST-IT Will Also Entry Now | Rs 300 Crore Pesticide Scam Money Came Through Hawala, ED-GST-IT Will Also Entry Now

In the case of pesticides worth 300 crores imported on the basis of mis-declaration from Mumbai’s Nhawa Sowa port, the entire financial transaction was done through hawala. It has been revealed in the DRI investigation that some Angadia firms were also used for this. Now ED and IT can also be entered in this case. IT said that there is a case of duty evasion of 100 crores and goods worth 300 crores have been sold in the market. Income tax may be issued on this amount. Meanwhile, the ED has also been activated for Hawala transactions.

The Mumbai DRI team can now check wherever this pesticide has been sold. A GST team is also monitoring. Because the goods sold were unbilled and not shown in the book. Now, apart from the two main accused Suresh and Rajes Vasoya, the role of Raju Vasoya, Mathur Vasoya and Suresh Gami is also important in this whole case, DRI can strike again anytime.

ED-GST and IT will kill the entry for this reason
Income Tax Department – Informants say that the whole matter is about earnings. And if there is a case of undervaluation in the book itself, ITA has to be taxed on the price at which the goods are sold in the market. Profits will have to be taxed.

ED and Customs Duty – ED will also work if there is a hawala game. It will also be checked whether the goods have arrived from China and how the payment has been made there. Besides, this is a case of 100 crores of customs duty. Because the duty is 31 percent.

GST: Original GST on pesticide will be payable due to under valuation. GST on pesticides ranges from 18 to 28 percent. which is not filled. If goods worth 300 crores are sold, the GST at the rate of 28 percent is 85 crores. Penalty and interest are different.