{"id":522700,"date":"2022-09-17T09:36:12","date_gmt":"2022-09-17T04:06:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=522700"},"modified":"2022-09-17T09:54:43","modified_gmt":"2022-09-17T04:24:43","slug":"hero-electric-under-dri-lens-for-evading-customs-duty-worth-rs-330-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hero-electric-under-dri-lens-for-evading-customs-duty-worth-rs-330-crore\/","title":{"rendered":"Hero Electric under DRI lens for evading customs duty worth Rs 330 crore"},"content":{"rendered":"<p>Hero Electric is under the lens of the Department of Revenue Intelligence (DRI) for allegedly evading customs duty worth Rs 330 crore. According to a CNBC TV18 report by, the company imported fully assembled e-scooters and declared them as automobile parts. The government has stopped providing subsidies to the company under the FAME scheme.<\/p>\n<p>The DRI in December 2020 issued a show cause notice to the company for evading tax. The company imported e-scooters and e-bikes between 2009 and 2014 and later between 2017 and 2019.<\/p>\n<p>Hero Electric has paid no fines or duties, the report added.<\/p>\n<p>The show cause notice says that the company committed &#8220;fraud intentionally&#8221; after &#8220;proper planning.&#8221; It added that the DRI would like to recover the company&#8217;s dues worth Rs 330 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hero Electric is under the lens of the Department of Revenue Intelligence (DRI) for allegedly evading customs duty worth Rs 330 crore. According to a CNBC TV18 report by, the company imported fully assembled e-scooters and declared them as automobile parts. The government has stopped providing subsidies to the company under the FAME scheme. The DRI in December 2020 issued a show cause notice to the company for evading tax. The company imported e-scooters and e-bikes between 2009 and 2014 and later between 2017 and 2019. Hero Electric has paid no fines or duties, the report added. The show cause [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-522700","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=522700"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522700\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=522700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=522700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=522700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}