AHMEDABAD: THE Central Bureau of Investigation (CBI), Gujarat unit, has started investigating the ship-breaking business in Alang in Bhavnagar for suspected undervaluation of ships brought to the state for scraping.
CBI has begun its probe after two ships were recently brought from the Gulf for dismantling.
Agency officers said three teams are questioning bank officials about documents prepared in connection with the payments and the valuation of the ships. The CBI team is also perusing documents of the ship-breaking firms and the sellers.
Sources said their inputs showed that ships brought to Alang for dismantling were not being valued properly.
The ships were being undervalued in order to evade Excise Duty to the Customs and the Excise Department. Besides, there are irregularities in the payment of Excise as well, they said.
Jul 08 2010
Indian Express
http://www.indianexpress.com/news/In-Brief/643771
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