The Directorate of Revenue Intelligence (DRI) has arrested a Surat-based businessman in connection with an alleged customs duty evasion case involving nearly Rs. 10 crore. The arrest follows an investigation into the suspected undervaluation of imported glass beads sourced from China.
According to officials, the accused, Hareshbhai Kakadiya, is alleged to have imported glass beads by declaring significantly lower invoice values to customs authorities. Investigators found that while the declared prices ranged between about $1.1 and $1.5 per kilogram, the actual transaction prices were reportedly between $4 and $6 per kilogram, leading to substantial duty evasion.
Firms and Modus Operandi
The investigation revealed that several Surat-based firms—Ganga Enterprise, Jamna Enterprise, S.P. Trading Co., and Dev Enterprise—were involved in the imports. Authorities allege that fabricated or suppressed invoices were used to misdeclare the value of goods at the time of customs clearance.
Hareshbhai Kakadiya, identified as the proprietor and Import Export Code (IEC) holder of Ganga Enterprise, is suspected to have played a central role in coordinating the imports.
Investigators also identified the alleged involvement of Pradipbhai Ghori and Jagdishbhai Ghori, who are associated with Jamna Enterprise and S.P. Trading Co. Statements and evidence collected during searches indicate that Kakadiya and Pradipbhai Ghori handled key import-related operations, including negotiating with overseas suppliers, finalising prices, arranging payments, and coordinating customs clearance and logistics.
Jagdishbhai Ghori is said to have managed the domestic sale of the imported goods.
Arrest and Ongoing Probe
Officials stated that Kakadiya was arrested on January 30 from his office located on A.K. Road in Surat. The DRI continues to examine financial records, import documents, and transaction trails to determine the full extent of the alleged evasion and the role of other individuals or entities.
