Birthday gift seized for non payment of additional customs duty of 700 millions!

India
August 2, 2008 11:10am CST
Certainly this is gift of a bigshot.. Mukesh Ambani presenting Falcon 900 Ex and an Airbus 319 to his wife Nita..which was worth 4000 millions is a history. Now, as my friends in India, know about the Family of Ambani.. the richest in the country. Okay..what it has to do with this topic..i understand that. Having presented such a gift to her wife, purely for private purposes he is supposed to have paid a tax of 10% amounting to 400 millions. But the thing is, this 10% tax is applicable only if the aircraft is used for commercial purpose If the aircraft is used for Private purpose, which means he has to pay 18% tax, of 700 millions Thus he evaded a customs duty of 8% Now, my question is, How could be like that..can he say that he is not aware of it. Even that can also be categorised as under the section of ignorance, But HOW CAN HE SHOW IN RECORDS A PRIVATE AIRCRAFT AS THE ONE THAT IS BROUGHT FOR COMMERCIAL PURPOSE? In which category would you list his action, Under: Misrepresentation, Ignorance, or Cheat.
1 person likes this
1 response
@faith210 (11224)
• Philippines
4 Aug 08
Hi saivenkaat802003! That is such a grand display of wealth! My, my what a very expensive gift and I think that Mukesh Ambani is guilty of misrepresentation of the gift's purpose therefore, intentionally cheating your government in tax. That uis very common too here in our country. Politicians and wealthy people always misrepresent all their documents for imported luxury items and cheat the government and most if not all, gets away with it. It is good that your government has seized that extravagant gift..at least your country is fighting corruption. Take care always..God Bless!