The managing director and the general manager of a Sriperumbudur-based automotive parts manufacturing company arrested in Chennai alleging GST evasion involving nearly 40 crore rupees.
The GST and Central Excise departments, after a detailed investigation, have arrested two persons who are foreign nationals.
Authorities did not reveal the names of the company and the arrested persons. They were arrested on Monday and have been remanded to judicial custody till July 2, 2019.
The arrest was made after the managing director and other officials of the company failed to cooperate with the investigators despite several summons.
After sustained surveillance, the persons’ whereabouts were located and their statements were recorded. Both the MD and GM of the company have accepted the statutory tax liability and conceded the fact that they collected GST from customers.
“As the evidence gathered has suggested that both these persons are trying to flee the country through the land borders in order to evade tax, both have been arrested following the due process of law. Further investigation is going on,” said a statement issued by the authorities.
