Service Tax Dept to revalue Mallya’s plane

Service Tax Department has attached Mallya’s private jet, an Airbus 319 which can carry 25 passengers and six crew members.

Mallya, who left the country earlier this year, is also facing action after defaulting on over Rs 9,000 crore of loans from 17 banks. Courts have declared him ‘proclaimed offender’ for not appearing before them.

In May this year, the department had issued a notice advertising auction of the plane, describing it as designed “exclusively for exotic and luxurious use”.

From Agencies, Feature image courtesy qz