Enforcement agencies, together with the Special Investigation Team (SIT) on black money, may soon form a dedicated team of officers to pursue specific cases with larger ramifications.
“At this stage, our top priority is to investigate and review cases pertaining to illegal practices in imports and exports and over- and under-invoicing,” said a senior official adding that officers would be selected to follow up on specific leads.
Based on data from the Reserve Bank of India, the Enforcement Directorate has been asked to investigate suspect export outstanding statements in matters of undue delay in inflow of remittances of Rs. 100 crore and more. The Directorate of Revenue Intelligence will focus on cases of over- and under-invoicing.
