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New Delhi (9 May 2026):<\/span> Hampton Sky Realty Limited (\u201cthe Company\u201d), with reference to recent developments concerning proceedings of the Directorate of Enforcement, places on record the following factual position. *The Company reposes complete faith in its established facts, in the legal and constitutional framework of the country, and in the wisdom of the Hon\u2019ble Judiciary.*<\/p>\n *1. Mobile Phone Exports \u2013 A Thrust Sector of the Government of India*<\/p>\n Mobile-phone manufacturing and export has been identified by the Government of India as a flagship priority sector under \u201cMake in India\u201d and the Production-Linked Incentive scheme. India\u2019s mobile-phone export turnover grew from approximately Rs. 1,500 crore in FY 2014\u201315 to approximately Rs. 2 lakh crore in FY 2024\u201325 \u2013 a *127-fold increase*. The United Arab Emirates is the second-largest global destination for Indian mobile-phone exports. Recognising this national thrust, the Company entered the mobile-phone export business in May 2023.<\/p>\n *2. Genuineness of Exports \u2013 Independent Verification at Multiple Stages*<\/p>\n During the export period, the Company exported *44,471 units of branded handsets and accessories* comprising Apple iPhones and AirPods (96.7%), Samsung handsets (3.2%) and OnePlus handsets (0.06%) \u2013 all genuine products of leading global manufacturers. Every export was verified at multiple statutory stages by independent authorities outside the Company\u2019s control:<\/p>\n \u2022 Customs physical examination at ACC New Delhi, with Let Export Order granted by the Superintendent of Customs; *3. IMEI \u2013 The Unique Identifier that Settles Genuineness*<\/p>\n Every mobile phone manufactured anywhere in the world carries a *unique 15-digit International Mobile Equipment Identity (IMEI) number*. The IMEI of each handset exported by the Company was listed on the supplier\u2019s invoice, recorded on the shipping bill, scanned by Customs at the port of export, and *cross-verified by Apple Inc. and Samsung Electronics against their global activation databases*. This verification operates outside India and is not capable of being created, altered or manipulated by any Indian party. The 16,391 IMEIs of handsets exported by the Company stand independently verified by the OEMs as genuine handsets activated outside India after export. *This factual position alone establishes the genuineness of the exports beyond reasonable doubt.*<\/p>\n *4. All Export Proceeds Received \u2022 All Suppliers Paid \u2022 Nothing Retained*<\/p>\n Every rupee of the export realisation has been received in full through Authorised Dealer banking channels, with corresponding Bank Realisation Certificates uploaded on the DGFT portal. The entire receipt has been paid to domestic suppliers through banking channels for the goods procured. *Nothing has been retained off-shore, kept in any concealed account, or routed back to any individual or entity*. The receipt-and-payment trail is open, banking-channel and fully reconciled.<\/p>\n *This factual position alone disposes of any allegation of \u201cround-tripping\u201d or \u201cbogus exports\u201d*. Round-tripping is a financial concept that requires the retention or diversion of funds for the benefit of the alleged perpetrator. In the present case, no funds have been retained by the Company or any of its associates. There is no economic basis on which an allegation of round-tripping can stand.<\/p>\n *5. Supplier-Side GST Concerns \u2013 The Company is the Victim*<\/p>\n The proceedings refer to GST input-tax-credit concerns relating to a small number of the Company\u2019s domestic suppliers. These transactions constitute *only a small percentage* of the Company\u2019s total mobile-phone procurement and are entirely on the supplier side. The Company made all payments to suppliers through banking channels with GST duly charged, filed its GST returns regularly, and reflected all transactions on its books.<\/p>\n On its own initiative, when the supplier-side fraud came to the Company\u2019s knowledge, the Company *itself approached the police as the complainant* by lodging First Information Report No. 0083 dated 17 May 2025 at Police Station Focal Point, Ludhiana, against the said suppliers \u2014 *M\/s SK Enterprises, M\/s Global Traders and M\/s GMG Tradelink Private Limited* \u2014 under the Indian Penal Code. *The Company is the victim* of the alleged supplier-side fraud and proactively reported the matter to law-enforcement authorities approximately one year ago, well before any investigative pressure.<\/p>\n *6. No Loss to the Government Exchequer*<\/p>\n Where the Goods and Services Tax authorities have raised concerns regarding input-tax credit, the corresponding GST amount has already been deposited by the Company and is being contested in lawful appeal before the GST Appellate Authority. *There is no current loss to the Government exchequer on account of the Company\u2019s transactions*.<\/p>\n *7. Faith in the Legal Process*<\/p>\n The Company is fully cooperating with all statutory authorities and will continue to do so. All relevant facts, documents and verifiable records will be placed before the appropriate forums in due course of law. *The Company has complete faith in the established facts of the case, in the integrity of its statutory records, and in the wisdom of the Hon\u2019ble Judiciary*. The Company is confident that the truth will prevail.<\/p>\n","protected":false},"excerpt":{"rendered":" New Delhi (9 May 2026): Hampton Sky Realty Limited (\u201cthe Company\u201d), with reference to recent developments concerning proceedings of the Directorate of Enforcement, places on record the following factual position. *The Company reposes complete faith in its established facts, in the legal and constitutional framework of the country, and in the wisdom of the Hon\u2019ble […]<\/p>\n","protected":false},"author":1,"featured_media":47805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[19,21,20],"tags":[],"class_list":["post-64600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-political-news","category-punjab"],"yoast_head":"\n
\n\u2022 IMEI scanning of every handset, recorded on the Customs ICEGATE system at the port of export;
\n\u2022 Cross-verification by the Original Equipment Manufacturers (Apple Inc., Samsung Electronics) against their global activation databases, confirming that the IMEIs were genuine handsets activated outside India after export;
\n\u2022 Sanction of Duty Drawback \/ RoSL claims by the Customs Department only after positive OEM verification;
\n\u2022 Import endorsements by UAE Customs at the destination; and
\n\u2022 Bank Realisation Certificates issued by the Authorised Dealer Bank against full receipt of export proceeds, uploaded on the DGFT eBRC portal.<\/p>\n