Overview
- Rohit Gupta, proprietor of M/s MAA STEEL in Ludhiana, was arrested after a State Intelligence and Preventive Unit operation.
- Investigators allege the firm issued fake invoices for HR/CR coils and strips without any actual supply of goods.
- The network is accused of passing input tax credit exceeding ₹9 crore to beneficiaries, causing loss to the state exchequer.
- Search teams reported discrepancies between physical stock at the premises and the company’s recorded inventories.
- The taxation department has expanded the investigation to cycle- and spare-parts manufacturers suspected of improper export refunds or inverted duty claims, as the government also dismissed an excise and taxation inspector for prolonged unauthorised absence.