Press Release
oi-Gaurav Sharma
Hampton Sky Realty Limited (“the Company”), 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’ble Judiciary.
1. Mobile Phone Exports – A Thrust Sector of the Government of India
Hampton Sky Realty Limited affirms its mobile phone exports, verified by independent Customs and OEM checks, are genuine with full proceeds received and remitted; the company states it reported supplier-side GST fraud to Ludhiana police on May 17, 2025, identifying itself as the victim.
Mobile-phone manufacturing and export has been identified by the Government of India as a flagship priority sector under “Make in India” and the Production-Linked Incentive scheme. India’s mobile-phone export turnover grew from approximately Rs. 1,500 crore in FY 2014-15 to approximately Rs. 2 lakh crore in FY 2024-25 – 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.
2. Genuineness of Exports – Independent Verification at Multiple Stages
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%) – all genuine products of leading global manufacturers. Every export was verified at multiple statutory stages by independent authorities outside the Company’s control:
- Customs physical examination at ACC New Delhi, with Let Export Order granted by the Superintendent of Customs;
- IMEI scanning of every handset, recorded on the Customs ICEGATE system at the port of export;
- 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;
- Sanction of Duty Drawback / RoSL claims by the Customs Department only after positive OEM verification;
- Import endorsements by UAE Customs at the destination; and
- Bank Realisation Certificates issued by the Authorised Dealer Bank against full receipt of export proceeds, uploaded on the DGFT eBRC portal.
3. IMEI – The Unique Identifier that Settles Genuineness
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’s 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.
4. All Export Proceeds Received • All Suppliers Paid • Nothing Retained
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.
This factual position alone disposes of any allegation of “round-tripping” or “bogus exports”. 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.
5. Supplier-Side GST Concerns – The Company is the Victim
The proceedings refer to GST input-tax-credit concerns relating to a small number of the Company’s domestic suppliers. These transactions constitute only a small percentage of the Company’s 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.
On its own initiative, when the supplier-side fraud came to the Company’s 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 – M/s SK Enterprises, M/s Global Traders and M/s GMG Tradelink Private Limited – 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.
6. No Loss to the Government Exchequer
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’s transactions.
7. Faith in the Legal Process
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’ble Judiciary. The Company is confident that the truth will prevail.
– Issued by Corporate Communications, Hampton Sky Realty Limited
