Finance, Taxes, Insurance
Indian Corporate Jets Face Tax Evasion Probe
Ventura Airconnect is flying three Cessna Caravans on twice-daily trips between cities in Madhya Pradesh.
Ventura Airconnect is flying three Cessna Caravans on twice-daily trips between cities in Madhya Pradesh.

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.

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