dri coal imports

Coal import scam: Adani group gets interim relief from DRI ...

Sep 19, 2018· The DRI investigation, started in 2009 and is still continuing, alleges over-invoicing of imported coal and power-plant equipment cumulatively amounted to …

Coal import scam: CBI files case against officials of ...

FIR registered taking cognisance of DRI's probe into 'trade-based money laundering' and 'artificial inflation' in coal imports. New Delhi: The CBI has registered a case against officials of three top public sector firms for allegedly causing a loss of Rs 487 crore to the government exchequer by importing inferior quality coal from Indonesia and passing it off as a superior one.

Swamy accuses sabotage in the probe on Coal Import Scam ...

Oct 01, 2018· Blaming Finance Secretary Hasmukh Adhia for the sabotage of the probe in the Coal Import scam, Senior Bharatiya Janata Party (BJP) leader Subramanian Swamy urged Prime Minister (PM) Narendra Modi to have the Department of Revenue Intelligence (DRI) to appeal in the Supreme Court against the favourable verdict to Adani Group in the Mumbai High Court.Adani Group got a …

After Singapore Setback, Adani Firm Asks Bombay HC To ...

Two years ago, i n March 2016, the DRI had issued a general alert to its field formations across the country, outlining the modus operandi of over-invoicing of coal imports from Indonesia. The DRI ...

Demand for met coal imports in China sensitive to iron ore ...

The share of coking coal imports increased with higher demand in China in this year-to-date and a corresponding period of 2017. The share dropped in the same period of 2018 when total demand was broadly flat year on year. These changes are related to iron ore buying strategies.

Is The Revenue Intelligence Investigation Into The Rs ...

Over the last four years, the Directorate of Revenue Intelligence, or DRI, which is the investigative arm of the department of revenue in the finance ministry, has levelled allegations of over-invoicing of imports of coal and electricity generation equipment against at least forty of India's ...

Adani Group files plea in India high court to stall fraud ...

Aug 29, 2018· According to DRI documents, the companies allegedly used fake middlemen to inflate the price of coal they were importing from Indonesia. The scheme allowed the …

Supreme Court to Look Into Adani's 'Coal Import Scam ...

Feb 21, 2019· The Supreme Court has admitted a case moved by the Directorate of Revenue Intelligence (DRI) against a September 2018 order of the Bombay High Court that stayed the DRI's use of Letter Rogatory (LR) from foreign jurisdictions in its ongoing probe into alleged over-valuation of Indonesian coal imports by a few companies of Adani group.. Reportedly, the apex court would begin …

Forty coal importers under the DRI scanner for over ...

Jan 20, 2018· The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports …

Coal Import Scam: Adani Company Is Trying to Impede ...

Jun 22, 2019· Reportedly, DRI is probing at least 40 companies, including companies of the Adani Group, two companies of the Anil Dhirubhai Ambani Group (ADAG) and two Essar Group firms, for alleged overvaluation of coal imports from Indonesia between 2011 and 2015.

Coal imports: Directorate of Revenue Intelligence asks CBI ...

Jun 28, 2019· Coal imports: Directorate of Revenue Intelligence asks CBI to probe two Reliance ADAG firms The DRI is probing at least 40 companies, including two companies of the Adani Group, two Essar Group firms and a few public sector power firms, for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore.

Coal to Steel World DRI Indusrties & Steel Outlook

Many Coal based DRI plants in Andhra Pradesh have also changed over to pellets especially in ... •Pellet imports stood at 0.34 in FY'17 against 0.16 in FY'16. Indian Iron ore & Pellets – FY'16-17 performance. Iron Ore : •190 Mil MT production, 20% increase

Adani coal imports: Group trying to obstruct investigation ...

Jun 21, 2019· The Directorate of Revenue Intelligence has accused Adani Enterprises Limited of trying to obstruct its investigation into the overvaluation of coal imports …

Coal import case: DRI moves SC against relief order to ...

The Directorate of Revenue Intelligence (DRI) has moved the Supreme Court to challenge the Bombay High Court (HC) order that restrained the agency from seeking foreign counterparts' assistance in its probe against a few firms of the Adani group for alleged overvaluation of Indonesian coal imports.

DRI probes over-valuation of coal imports by power cos ...

Apr 08, 2016· MUMBAI: The Directorate of Revenue Intelligence (DRI) has issued a nationwide alert to its offices and customs formations to scrutinise coal imports for over-valuation. The alert follows ...

Direct Adani to Submit Documents in DRI Probe of Coal ...

Jun 26, 2019· The All India Power Engineers' Federation (AIPEF) has written to the Prime Minister and other government offices demanding that the government direct the Adani group to hand over the documents sought by the Directorate of Revenue Intelligence (DRI) in its probe into the over-invoicing of coal imports in the case of the Kawai power plant in Rajasthan.

Supreme Court to look into Adani's 'Coal import Scam'

Feb 25, 2019· As per several show cause notices (SCN) issued by the DRI, a set of giant companies in the power sector have allegedly resorted to over-invoicing of imports of coal …

DRI investigation into Adani Group coal import cases ...

Sep 19, 2018· DRI investigation into Adani Group coal import cases halted So far, the DRI has issued 14 LRs to multiple foreign jurisdictions seeking information in the alleged over-valuation of imports of Indonesian coal.

Congress Attacks Centre Over Alleged Coal Scam - ndtv.com

"In October 2014, Directorate of Revenue Intelligence (DRI) revealed about a scam on coal import and a probe was initiated on the over-invoicing of import of coal," Mr Ramesh claimed.

MMTC among two state firms inflating coal imports: DRI ...

Aug 17, 2017· MMTC among two state firms inflating coal imports: DRI According to the latest DRI notice, the agency has found that several coal traders were directly importing Indonesian coal to Indian ports by allegedly routing the invoices "through one or more related /associated intermediary firms based abroad" after artificially inflating its value.

Pig iron News, Prices & Expert Analysis | Metal Bulletin

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Coal import scam: Adani group gets interim relief from DRI ...

Sep 20, 2018· Coal import scam: Adani group gets interim relief from DRI A letter rogatory is usually sent by a country to seek help of foreign judicial authorities in investigating an offshore entity.

DRI investigating over invoicing of imported coal - The ...

Dec 21, 2015· DRI investigating over invoicing of imported coal Piyush Goyal said in Rajya Sabha that in 2014-15 (provisional) the country imported 212.11 million tonnes (MT) of coal …

Customs Department Challenges DRI Authority's Clean Chit ...

Customs Department Challenges DRI Authority's Clean Chit to Adani Firms. The department has claimed that the DRI's adjudication order in the power equipment import case is "illegal and improper".

How Over-Invoicing of Imported Coal has Increased Power ...

Apr 04, 2016· The DRI has monitored the details of coal imports of these companies till 31 March 2016, information accessed by the authors suggests. Web of Scams. This revelation comes weeks after the DRI secured the first arrest of an accused person who was allegedly involved in over-invoicing of coal imported from Indonesia.

Coal imports: Directorate of Revenue Intelligence asks CBI ...

Jun 28, 2019· The DRI is probing at least 40 companies, including two companies of the Adani Group, two Essar Group firms and a few public sector power firms, for alleged overvaluation of coal imports from ...

'Over-valuation' of coal imports: DRI moves Supreme Court ...

Feb 21, 2019· 'Over-valuation' of coal imports: DRI moves Supreme Court against Adani Group firms DRI has moved SC against a September 2018 order of the Bombay HC that granted an interim stay on the use of Letter Rogatory (LR) by the agency to obtain information from foreign jurisdictions.

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The test report with higher GCV, which was submitted before Indian Customs at the time of import, appears to be in conformity with the supply contract between the power generation companies/ Indian importers and subsidiary company or intermediary agent of the Indian importers, reflecting the inflated value of the coal.

DRI unearths Rs 29,000 cr coal import scam | India News ...

Dec 18, 2014· DRI is learnt to have recovered documents showing the real value of the imports. Indian companies including public sector ones imported 77 million tonnes of coal from Indonesia, in …

Coal import 'overvaluation case': DRI's showcause notice ...

The adjudication authority of the Directorate of Revenue Intelligence (DRI) has passed its first order upholding the showcause notice of the DRI against one of the 40 prominent coal importers being probed for alleged overvaluation of Indonesian coal imports, collectively pegged at Rs 29,000 crore ...