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Customs seize Greek vessel at Alang for under-invoicing
September, 17th 2011

Suspecting under valuation, Gujarat customs department seized a Greek vessel 'Syros' off Alang coast early on Thursday morning which was brought for salvaging.

The vessel was imported by a Bhavnagar-based company at the Alang ship breaking yard.

"After seizing the vessel, we found that the importer had under quoted the value of the vessel at Rs 27.36 cr which is less than Rs 2.2 crore than the original price. We have asked the company to pay up Rs 34 lakh differential duty," said a senior Bhavnagar customs department official.

The officials said that the vessel had come from Singapore and the importer has been served notice about the differential duty.

"The importers at Alang ship breaking yard have to pay around 16 per cent import duty on ships that are brought for breaking. The company in this case has agreed to pay the differential duty. Six months back we had also seized a vessel in another under quoted value case. The vessel was released after the importer paid the extra duty," the official said.

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