PRESS TRUST OF INDIA
INDIA’S PREMIER NEWS AGENCY
New Delhi, Apr 24 (PTI) eSys Information Technology Ltd, a distributor of software giant Microsoft, has come under the scanner of Department of Revenue Intelligence for alleged duty evasion to the tune of over Rs 10 crore.
Sources in the DRI said eSys Information Technology is being probed for importing software from Microsoft Singapore Pte. Ltd (part of the Microsoft group) between 2006-2008 without declaring the complete value of the imports, thereby “evading duty” for which show cause notices would be issued soon.
When contacted, a senior official of eSys, which operates in 32 countries, said, “We are fully cooperating with the DRI and are with them. We are following all norms of the law.” Sources said the distributor has recently paid the government close to Rs 12 crore, including interest as bond and bank guarantee.
They said the “evasion” amounted to import of CDs and DVDs during the said period for which the distributor had allegedly not declared the licence fee as stipulated by the law.
“The license fees are also liable for duty which has to be added to the import cost but we found that the distributor had not done so while importing the same,” sources said. PTI
