DRI raids 10 textile exporters in city

SURAT: In a joint operation, the Directorate of Revenue Intelligence (DRI) of Surat and Chennai raided the business premises of about 10 textile fabric exporters in the city for taking undue advantage of the Duty Entitlement Pass Book (DEPB) scheme and cheating the exchequer of the central government worth crores of rupees on Tuesday.

Official sources said the Chennai DRI had received information regarding few of the textile exporters in the textile hub of Surat taking undue advantage of the DEPB scheme by exporting low quality printed polyester fabrics and showing three times high prices of the material from its original value.

The DRI sleuths raided the offices of about 10 textile exporters in the city's Limbayat, Khatodara, Ved Road and Pandesara area and seized several documents including the invoice bills of the exported goods.