Punj Lloyd

Indian Corporate Jets Face Tax Evasion Probe
February 4, 2012 - 6:00am
Ventura Airconnect is flying three Cessna Caravans on twice-daily trips between

India’s Directorate of Revenue Intelligence (DRI) is scrutinizing approximately 15 Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. In particular, the agency has confirmed it is looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotels’ Embraer Legacy 600. Several other corporate jets are also understood to be under investigation.