New Delhi: One of India's top aircraft charter companies has been
grounded for the past three weeks with the customs department seizing
seven of its luxury jets over nonpayment of duties from locations across
the country.
Ligare Voyages Ltd, which is associated with the Religare group, has been unable to operate any of its ultra-luxury jets for almost a month, including a FalconBSE -4.97 % 7X that has been seized in Mumbai. A Falcon 2000 each has been seized in Madurai and Delhi, besides Beechcraft and KingAir jets. The jets are chartered by top industrialists and conglomerates in the country. Confirming the seizure, chairman of Central Board of Excise and Customs Najib Shah told ET, "Yes, we have seized the jets as the company has not paid the dues."
"There was also a court ruling against them and the aviation company did not fulfill the same resulting in contempt," explained a senior custom official. The official further said that the aviation firm can get the aircraft released by paying the duties and charges due, failing which the next step of confiscation of the aircraft could take place.
Read news in full 13/08/15 Manu Pubby & Rahul Tripathi/Economic Times
Ligare Voyages Ltd, which is associated with the Religare group, has been unable to operate any of its ultra-luxury jets for almost a month, including a FalconBSE -4.97 % 7X that has been seized in Mumbai. A Falcon 2000 each has been seized in Madurai and Delhi, besides Beechcraft and KingAir jets. The jets are chartered by top industrialists and conglomerates in the country. Confirming the seizure, chairman of Central Board of Excise and Customs Najib Shah told ET, "Yes, we have seized the jets as the company has not paid the dues."
"There was also a court ruling against them and the aviation company did not fulfill the same resulting in contempt," explained a senior custom official. The official further said that the aviation firm can get the aircraft released by paying the duties and charges due, failing which the next step of confiscation of the aircraft could take place.
Read news in full 13/08/15 Manu Pubby & Rahul Tripathi/Economic Times
No comments:
Post a Comment