India, July 24 -- The Mumbai unit of the Directorate of Revenue Intelligence (DRI) has detected a Customs fraud worth Rs.30 crores, allegedly involving the import of luxury furniture from Europe, through misdeclaration and undervaluation. The DRI has arrested three accused persons this week for their alleged involvement in the case, according to agency officials.

Acting on specific intelligence, the DRI teams undertook extensive searches this week across multiple locations in the state, including business premises, warehouses, offices of freight forwarders, customs brokers, and other associated entities, agency officials said. The probe revealed the operation of a well-organised network being used for alleged large-scale undervaluation a...