DGCA & DRI investigating corporates for customs evasion while using foreign-registered aircraft

New Delhi: The Directorate General of Civil Aviation and Directorate of Revenue Intelligence (DRI) are investigating whether corporate groups and tycoons regularly using foreign-registered private aircraft within the country have complied with Customs rules applicable on the use of such planes, both in letter and spirit.
These rules bar foreign-registered aircraft from being kept in the country for more than six months, lest they attract import duties.
But the authorities say many of these planes are predominantly used in India, flown out to neighbouring countries before the six-month period and brought back again for use in India, avoiding paying Customs duty in the process.
"The DGCA had raised this issue... The DRI looked into the matter and has now initiated an investigation," said an official with the aviation regulator. A Customs department official confirmed that the DRI had initiated a formal investigation.
27/12/11 Deepshikha Sikarwar/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Foreign Dec 2011, Indian Aviation- In General Dec 2011