Exports Fraud

DGGI Busts Exports Fraud Through Fraudulent Claims of ITC and Cash Refund of Around Rs. 61 Crore

The ITC so availed was utilized to pay IGST on the export goods, which was thereafter claimed as cash refund. Thus, the government exchequer was put at a double loss – on one hand, ITC was obtained on goods where no tax was paid and on the other hand IGST paid from such fraudulently availed ITC was obtained as cash refund.