DRI seizes Chinese firecrackers worth Rs 2 crore

Image
Press Trust of India New Delhi
Last Updated : Oct 30 2015 | 6:02 PM IST
Ahead of Diwali, Directorate of Revenue Intelligence (DRI) on October 28 recovered Chinese firecrackers worth Rs 2 crore in raids on more than 100 godowns and retail outlets across the country.
"...In a country wide operation undertaken on October 28, 2015 to detect and seize the offending goods, the officers of Directorate of Revenue Intelligence raided more than 100 godowns and retail outlets in Mumbai, Bangalore, Chennai, Trichy, Vijawada, Madurai, Ludhiana etc.
"During the course of operations, various types of Chinese make firecrackers have been recovered having total value of more than Rs 2 crore," the Finance Ministry said in a statement.
The Chinese firecrackers have been seized under the provisions of the Customs Act, 1962. Further investigations are in progress, it added.
According to rules, import of firecrackers in India is restricted in terms of Foreign Trade Policy by Ministry of Commerce. Import of firecrackers is allowed against a license issued by the Ministry of Commerce.
The Ministry of Commerce has not issued any license in so far to any importer. Besides harming the domestic industry, fireworks of foreign origin are hazardous in nature and jeopardize public safety and health, the statement said.
The DRI was maintaining strict surveillance in local markets in pursuance of specific intelligence regarding large scale smuggling of sub-standard, poor quality Chinese made firecrackers by way of concealment and mis-declaration.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 30 2015 | 6:02 PM IST

Next Story