IT raids on marble trader

The Income Tax department today raided at least 29 premises of one of the largest marble traders of Rajasthan, the R K Marbles.

Sources say default and irregularities in income tax payment have led to the raids. But some other sources say the raids were part of the investigations into the mining corruption and bribery case that has dogged this desert state since the principal secretary, mining  Ashok Singhvi, was arrested a few days back.

Sources say the links between Singhvi and CA of the R K Marbles as per their call detail records led to the raids today.

At least five places in Jaipur, 10 in Kishangarh, five in Udaipur, one in Rajsamand and their residences in Jaipur were raided by the tax officials.

The corruption and bribery rampant in the mining department has opened a Pandora’s box in the state. The issue was raised in the state Assembly.

R K Marbles is one of the most important players in the marble sector in the state and has operations aboard too.  It has a production capacity of two million tonnes annually and 80,000 sq mts per day.

It boasts of the largest range of Indian and imported marbles, exclusive variants available, the highest accreditations, a comprehensive suppliers and a regular clientele.Kishangarh is the company’s main base which has vast processing and experience centre.

Earlier in 2013, the Commercial Tax Wing of the State Vigilance Department had swooped down on R.K. Marble and many other marble traders in the state for financial irregularities involved under invoicing, unaccounted for sales, and suppression of stock, which led to huge loss of revenue to the state exchequer.

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