Page 86 - DRI ANNUAL REPORT EBOOK

India’s share in global Merchandise exports is 1.67% and in services it is 3.45%. Exports of goods from India for the year 2019-20 stands at Rs. 22.19 Lakh Crores. Over the last decade the export of goods have increased from $178.7 billion to $239.3 billion. Increase in exports of goods and services is vital in realising the vision of “Aatmanirbhar Bharat”. Increased export trade is a sign of healthy economic development resulting in accretion of substantial forex reserves. It is heartening to note that India has made tremendous strides in “Ease of doing Business” and its ranking has jumped to 63 in 2019 from 142 in 2014. Indian Customs has played a significant role in improving the rankings by undertaking several path breaking measures for smooth flow of trade across borders. The growth of exports for the past five years is shown below:
However, the dynamics of export frauds change with increased growth in exports. The conmen use ingenious ways to subvert the system and defraud government exchequer. DRI has been at the forefront in unearthing various modus operandi and exposing such unscrupulous elements indulging in export frauds.
The export fraud cases detected by DRI in the last five years are depicted below:
52 SMUGGLING IN INDIA REPORT 2019-20