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Hero Electric under DRI lens for evading customs duty worth Rs 330 crore

Hero Electric reportedly ordered fully assembled vehicles into the country but later disintegrated them and sent them to different ports across the country to evade tax

Electric scooter
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BS Web Team New Delhi
Hero Electric is under the lens of the Department of Revenue Intelligence (DRI) for allegedly evading customs duty worth Rs 330 crore. According to a CNBC TV18 report by, the company imported fully assembled e-scooters and declared them as automobile parts. The government has stopped providing subsidies to the company under the FAME scheme. 
 

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