...
...
Next Story

DRI puts scanner on foreign pvt jets of Indian corporates

Directorate of Revenue Intelligence (DRI) has launched a country-wide probe against top corporate houses and high net-worth individuals who illegally operate foreign registered private aircrafts in India leading to Customs duty evasion to the tune of crores of rupees

Updated on: Jan 08, 2012 10:49 AM IST
Advertisement

Directorate of Revenue Intelligence (DRI) has launched a country-wide probe against top corporate houses and high net-worth individuals who illegally operate foreign registered private aircraft in India leading to Customs duty evasion to the tune of crores of rupees.

HT Image
HT Image

The DRI has already begun the process of issuing show-cause notices to a number of such entities after it got relevant information on the alleged illegal operations of a number of high-end jets from the Directorate General of Civil Aviation (DGCA) in Delhi.

"The Customs rules state that any foreign registered aircraft is given permission to enter India for a period of six months. Such jets are used to bring in top business honchos and CEOs and heads by Indian corporates for their engagements in the country.

"The agency is probing the violation of this rule and that if they flew against the norms in the country and nearby foreign countries," sources in the DRI, an enforcement agency under the finance ministry, said.

The agency has brought close to 15 corporate houses under its scanner and is suspecting that once they finish their probe, Customs duty evasion worth crores could be detected.

The DRI has also contacted the ministry of Home Affairs in this regard, as the Ministry keeps a detailed log of these aircraft due to the security angle attached to their flying operations.

 
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe