Mumbai: In a case involving duty evasion in the import of an aircraft, the settlement commission has asked Bharat Hotels to pay Rs 16 crore towards Customs duty, interest, penalty and fine.
New Delhi-headquartered Bharat Hotels Limited was founded by late Lalit Suri in 1988. The company, now headed by Jyotsna Suri, runs the InterContinental and LaLiT Mumbai in Andheri (E) among other hotels in the country, its website said.
Directorate of Revenue Intelligence (DRI), Mumbai, had alleged that the company imported an aircraft, Embraer Legacy 600 EMB, for charter services in July 2009 without paying Customs duty. The aircraft was purchased for Rs 120 crore. DRI's case was that the company registered the aircraft in the US but operated from India without paying duty. Foreign registered aircraft brought into the country are chargeable to duty if it does not fulfill some conditions
26/03/12 C Unnikrishnan/Times of India
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