TIOL-DDT 637 · Monday, 18 June 2007 · story 1 of 7

DRI case -Reliance pays up about Rs 20 Cr

Sources in DRI have confirmed that Reliance, Jamnagar, had paid up nearly Rs. 20 Crores in connection with the recent DRI investigations.

Ahmedabad DRI is still working on the case and it is likely to take a few months before DRI sleuths browse through the voluminous records and produce a show cause notice.

DRI sources say that Reliance is cooperating and has agreed to pay whatever amount payable. We are told that there is absolutely no interference or influence from DRI and Revenue Bosses from New Delhi. No special treatment for Reliance; it is just another case!

But a DRI boss appeared unhappy that the payment made by Reliance was only a “deposit” and not a confessional payment of duty due!