What the Indian customs say?
– According to the Indian customs there has been a fraud in the import of the Tian by the ADAG group. According to Customs department the yacht was imported in contravention of Section 111(m) of the Customs Act, hence, is liable for confiscation. The customs department says that it was declared as a transshipment cargo – on which duty is not paid – and that it was a used and not a new yacht. The yacht came into India on another cargo ship. The customs department claims show, that according to the documents, was headed to Colombo. The yacht was brought to India and its possession was given to ADAG by way of charter from a foreign company and was declared as TP cargo, the customs department alleged. “The petitioner has indulged in smuggling by violating the provisions of the Act and in league with others to evade duties,” Assistant Commissioner of Customs SR Vichare had stated in reply to the petition. It was bought by Ammolite Holdings last October and it has been chartered by Reliance
