The Directorate of Revenue Intelligence (DRI), Mumbai zonal unit, these days arrested a Mumbai resident for allegedly smuggling excessive-cease wrist watches, seizing 34 watches of pinnacle brands well worth Rs 30 crore from his house.

DRI officials had acquired records that the person, whose identity it did now not reveal, become in ownership of greater than 30 smuggled excessive-end top class watches of overseas starting place at his residence. The officers in addition observed that the man had gone abroad and might be returning to India with more high-give up top class watches of overseas beginning and try to smuggle them into the united states by using evading duty.

The guy was intercepted at Kolkata Airport recently while returning from Singapore and an steeply-priced Greubel Forsey watch turned into recovered from him, which he had no longer declared before Customs. The individual become ultimately arrested below Section 104 of the Customs Act, 1962, the DRI stated.

Subsequently, the house of the man at an upscale residential complex turned into searched by means of DRI officers. During the search, 34 high-give up watches of diverse premium brands particularly Greubel Forsey, Purnell, Louis Vuitton, MB&F, Mad, Rolex, Audemars Piguet, Richard Mille, and many others. Had been recovered.

Most of these watches are Limited Edition and of pretty excessive price. The overall marketplace cost of all of the watches is anticipated at more than Rs 30 crore, the important company said.

The organization has now not found out the identity of the accused and the area raided with the aid of it as they’re looking for other contributors of the smuggling racket.

Import of watches through individuals through baggage draws 38.5 in step with cent Customs responsibility as per Baggage Rules, which become evaded by the accused, an agency reliable said.

The case has unearthed a extreme fraud dedicated over several overseas trips/visits and has reinforced DRI’s capacity to detect and combat specific and complex methods of smuggling, it stated.

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