Archive · 26 May 2025
Businessman Arrested for Alleged Duty Evasion on Protein Imports
A businessman named Samrat Vikram Warma was arrested for not paying the correct import taxes on protein products.
He runs Collagen Lifesciences, which allegedly lied about what the products were to pay less in taxes.
The government thinks he avoided paying about 9 crore rupees in taxes.
The company imported these items from China.
His lawyer said he already paid some money and offered to pay more.
But the government wants to keep him in jail to investigate further because they think he might destroy evidence.
Samrat Vikram Warma, director of Collagen Lifesciences Pvt Ltd, was arrested.
He is accused of misdeclaring imported protein products to evade taxes.
The alleged duty evasion amounts to Rs 9 crore.
The imports originated from China.
Warma's lawyer offered to pay a larger sum while officials sought custodial interrogation.
- Who
- Samrat Vikram Warma and his company, Collagen Lifesciences Pvt Ltd.
- What
- Duty evasion on imported protein products.
- When
- The DRI initiated an investigation based on specific intelligence.
- Where
- Mumbai, India, and a manufacturing facility in Yeola, Maharashtra.
- Why
- To evade import duties by misdeclaring high-value protein products.
Defendant's View
Government's View
Financial Settlement
Defendant's View
Willing to pay a larger sum towards the evaded duty.
Government's View
Needs to be held in custody for investigation.
- Businessman Arrested
- Samrat Vikram Warma
- Company Involved
- Collagen Lifesciences Pvt Ltd
- Alleged Duty Evasion
- Rs 9 crore
- Misdeclared Goods
- Protein products
- Import Origin
- China
- Manufacturing Facility
- Yeola, Maharashtra