Two RIL aircrafts seized for evasion of duty
The Customs Department has seized two RIL aircrafts, one of which is believed to have been bought by Mukesh as a gift to his wife, for alleged evasion of duty to the tune of over Rs 57 crore.Updated: Jul 04, 2008 20:21 IST
Mukesh Ambani-led Reliance Industries has come under the scanner of customs department for evasion of duty to the tune of over Rs 57 crore on two aircraft bought by the company.
The Customs Department has seized two RIL-owned aircraft, one of which is believed to have been bought by Mukesh as a gift to his wife Nita, for alleged evasion of duty.
According to Central Board of Excise and Customs, the aircraft were procured by the industrial group for chartered purposes but were allegedly used for personal travel.
The Air Intelligence Wing of the Customs Department had seized both the aircraft, Airbus 319 in a late night operation on Thursday.
Incidentally, the aircraft have since been released to Reliance "provisionally", CBEC spokesperson said.
According to rules, an aircraft imported for chartered purpose invokes a 10 per cent custom duty, whereas for personal use, it is higher at 18 per cent.
Earlier, on June 26 the department had issued a show cause notice to Reliance Commercial Dealers Ltd demanding duty of over Rs 57 crore.
"The Commissioner of Customs (Preventive) Delhi has issued a show cause notice to Reliance Commercial Dealers demanding duty of Rs 57,42,63,453 on import of aircraft, Airbus 319," the spokesperson said.
On seizure of the aircraft, RIL said in a statement: "The authorities concerned as a matter of routine procedure have sent out notices to several non-scheduled operators.
Reliance is fully complying with all procedures as notified by the authorities."