Updated Feb 27, 2021 | 13:45 IST
The officials informed that a Customs team has arrested an exporter involved in this racket for attempting to export four consignments of ball-bearings by mis-declaring value (overvaluation). Man involved in overvaluation fraud held in Kolkata | Photo Credit: PTI
The Customs department in Kolkata achieved a major breakthrough on Friday after its special investigation branch at the Air Cargo Complex nabbed a suspect involved in overvaluation of export goods worth crores of rupees. The Air Cargo Complex, Kolkata, has achieved a major breakthrough in a case of overvaluation of export goods by fabricating GST tax invoices in the name of non-existent suppliers, officials said.