ED conducts raids in several areas of West Bengal over sand smuggling racket
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Kolkata (PTI): The Enforcement Directorate (ED) on Monday launched a series of coordinated raids at over 20 locations spread across West Bengal, including Kolkata, targeting individuals and businesses found to be allegedly involved in a sand smuggling racket, a senior official said.
Raids were being carried out in several areas, including Behala, Regent Park, Bidhannagar, and Kalyani, in connection with the scam, he said.
The ED officials conducting the raids were accompanied by a large number of personnel of the central security forces.
At the centre of the operation was Sheikh Jahirul, a prominent figure in the racket in Jhargram district of West Bengal. ED sleuths were conducting searches at his sprawling residence located near Subarnarekha River in Gopiballavpur, he added.
"Searches were underway at Jahirul's residence, office and vehicles. He is accused of being heavily involved in the illegal sand extraction and trade business," the official said, adding that a huge amount of cash was seized from his premises.
Incidentally, Jahirul, who owns several sand mines, used to be a bicycle mechanic before working as a village police officer and ultimately transitioning into the sand trade, he added.
The ED officials are simultaneously raiding properties and offices of other sand mine owners in Beliaberia and Jamboni blocks in Jhargram district.
"The operation is focused on uncovering the financial networks tied to the illicit sand trade. We suspect that a significant amount of money from the racket has been funnelled into various insurance companies and business ventures," he said.
ED sleuths are combing through business records, financial documents, and properties linked to key figures in the operation, he added.
In Kolkata, officials from the central agency were conducting searches at two offices of a mining company -- one located in Behala and another in Salt Lake Sector 5.
"Our officials have seized several bank accounts and other documents during the raid. They are also cross-checking the company's accounts and speaking with the employees present," he said, adding that they were also searching the residences of the owners of the company.
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India proposes preferential trade agreement with Mexico to deal with high tariffs
New Delhi (PTI): India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday.
Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia.
Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue.
"Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here.
While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, duties are cut or removed on a limited number of products.
Trading partners of Mexico cannot file a compliant against the decision on imposing high tariffs as they are WTO (World Trade Organisation) compatible.
The duties are within their bound rates, he said, adding that their primary target was not India.
"We have proposed a PTA because its a WTO-compatible way forward... we can do a PTA and try to get concessions that are required for Indian supply chains and similarly offer them concessions where they have export interests in India," Agrawal said.
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Citing support for local production and correction of trade imbalances, Mexico has approved an increase in MFN (most favoured nation) import tariffs (5-50 per cent) with effect from January 1, 2026 on 1,455 tariff lines (or product categories) within the WTO framework, targeting non-FTA partners.
Preliminary estimates suggest that this affects India's around USD 2 billion exports to Mexico particularly -- automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear.
The measure is also aimed at curbing Chinese imports.
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion.
The government has been continuously and comprehensively assessing Mexico's tariff revisions since the issue emerged, engaging stakeholders, safeguarding the interests of Indian exporters, and pursuing constructive dialogue to ensure a stable trade environment benefiting businesses and consumers in both countries.
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Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai has said that Mexico's decision is a matter of concern, particularly for sectors like automobiles and auto components, machinery, electrical and electronics, organic chemicals, pharmaceuticals, textiles, and plastics.
"Such steep duties will erode our competitiveness and risk, disrupting supply chains that have taken years to develop," Sahai said, adding that this development also underlines the little urgency for India and Mexico to fast-track a comprehensive trade agreement.
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
