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Nashik onion traders submit fake export bills

DNMUM398490 | 10/12/2017 | Author : Sudhir Suryawanshi | WC :427 | Business & Economy

DNA Exclusive

Nashik: Seven major onion traders in Nashik have been misusing the central government’s 5% subsidy scheme on export of onions by submitting fake and inflated bills, an investigation has revealed.
The DNA had reported on Income Tax (I-T) raids on these seven traders. According to a source at the I-T department in Nashik, these major traders, including Omprakash Ranka, Kantilal Surana, Sohan Seth Bandh, were kept under close watch for the last six months.
“Billing patterns and accounts of these traders revealed that they were fraudulently submitting fake and inflated onion export bills to embezzle more subsidy.”
To promote export, the Centre had offered 5% subsidy on exporting onion so that the excess produce
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