Finance ministry increases 'risk profiling' of shipments from China

Govt taking steps to address possible cases of under-invoicing

The finance ministry’s revenue department has increased ‘risk profiling’ of consignments shipped from China to identify possible cases of under-invoicing, a senior government said on Monday.

“The commerce department has flagged the issue, we have had meetings with the revenue department. The revenue department is taking action….Early reports indicate that the Customs did stop consignments, and some seizures are happening,” the official said, citing anonymity.

The comments have come in the backdrop of imports from China rising about 12 per cent to $75.87 billion during April-December. On the other hand, exports fell 35.58 per cent to $11 billion due to