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Tax evasion: DT Group surrenders Rs 50 lakh in Indore

  • DNA
  • Jan 26, 2013, 04:37 AM IST
Tax evasion: DT Group surrenders Rs 50 lakh in Indore, indore news in English

indore news in English

Indore:DT Group on Friday surrendered Rs 50 lakh against the tax evasion of Rs 5 crore. The raids conducted by Directorate general of central excise intelligence (DGCEI) sleuths concluded on Friday. However, scrutiny of documents would continue and exact magnitude of tax evasion would be known once the scrutiny gets over. 
During initial investigation, the investigators have assessed tax evasion to be around Rs 5 crore. 
Large amount of documents have been seized during the raids. A senior DGCEI officer wishing anonymity said the actual magnitude of tax evasion could be known only after scrutiny of documents. “It may take three-four days,” he said. 
The raids were conducted from morning on Thursday and went on till late in the evening. More than 50 DGCEI officers conducted raids on dozen establishments of the group in Indore, Dewas and Pithampur. 
Transporters associated with the group were also targeted by the investigators. The DGCEI officers also checked documents of these transporters for assessing dispatch of goods from the DT Group. 
Besides manufacturing of pipes and tubes, the group is also engaged in export operations spanned in European and Gulf countries. The group is also involved in manufacturing of packaging material.

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