Get latest articles and stories on Business at LatestLY. During the course of enquiries, it was found that exported quantity was more than the quantity on which royalty was paid and there was underreporting of quantity while exporting. In many instances, the agency said the export proceeds were not realised in the declared bank accounts, thereby, indicating that the export proceeds were received through other than banking channels. Business News | ED Raids Granite Firms in Karimnagar and Hyderabad, Unearths over Rs 1 Crore.