Hyderabad: The enforcement directorate on Tuesday conducted a search in a company that exported hair to China, Myanmar and Bangladeshi because it was allegedly under the consignment invoice, smuggling and foreign exchange violations.
A total of nine locations in Hyderabad, Guntur and my tan in Andhra Pradesh were dipped.
Toi has published a series of stories about illegal human hair smuggling in April and June, providing details about how the racket is run.
Ed is investigating cases with assistance from the customs department and GST officials.
The source in Ed said the search was made at the Vikas hair company, women’s hair company Naresh, Exim Hrithik in Ishaqu Colony, IMPEX SS, Shiva Keshav human hair, Lakshmi and Hair Hair Business Limited in Tanuku.
Officials found Rs 2 Crore cash which was not achieved in Naresh Women Hair Enterprises in Hyderabad and now looked into FEMA violations.
Andhra Pradesh Corporation Development Corporation Chairperson of Vanka Ravindranath, who runs the Hair Products RK, said, “We have filed a complaint in the name of our association.
Ed officials visit our company as part of a routine examination.
There is no violation in our company.” ToI contact Lalit Grover From Hrithik Exim, but he was not available to comment.
There are accusations that some companies and individuals declare good quality human hair as a waste of hair or cotton and export it to avoid taxes.
Great stock was sent from Hyderabad Air Cargo to China, Myanmar and Bangladesh.
The human hair export market is rated between Rs 6,000 Crore and Rs 8,000 Crore every year.
Toi investigations have revealed that Hyderabad has become a hub for raw human hair racket invoices.
Smuggling from Hyderabad to Myanmar took place through Morh in Manipur, Aizawl in Mizoram and further to China.
Human hair is auctioned out of temples, churches and temples in Andhra Pradesh and Telangana.
Raw hair was also collected from domestic and saloon households which were then smuggled.