According to several reports, the Indian Service Tax Department has issued a notice to Kingfisher Airlines that they intend to impound all their aircraft.
IBN Live reports:
‘In more trouble for beleaguered Kingfisher Airlines, Service Tax Department has issued a notice to the carrier, “impounding” all its aircraft, department sources said on Thursday night. According to the notice, the airline cannot fly outside the registered airport premises.
The grounded airline owes around Rs 190 crore to the Service Tax Department, of which Rs 127 crore are under litigation. The notice was issued a fortnight ago, sources said.
The sources also said the department has enlisted the help of the Customs to impound the aircraft.’
Stay tuned on this developing story…