A businessman involved in the sale-purchase of imported cars, who was arrested by the Directorate of Revenue Intelligence for allegedly evading Customs duty, was on Monday remanded to 14 days' judicial custody by a court here.
The DRI counsel told Additional Chief Metropolitan Magistrate Amit Bansal that Sumit Walia was importing used high-end luxury cars by mis-declaring them as new to evade Customs duty which is nearly 100 per cent for used cars and around 60 per cent for new cars.
Walia's arrest memo also cites instances of cars being imported in the names of foreign diplomats by him to avail of their duty-free privilege. The DRI listed statements of two witnesses including a Customs house agent who purportedly corroborated the revenue intelligence wing's allegations.
“The duty evasion on account of cars imported in the name of Embassies (two cases) is Rs.1.42 crore approximately,” the arrest memo added.