Air India Bank Accounts

AI accounts frozen for not paying service tax New Delhi: The bank accounts of national career Air India were on Thursday frozen for not paying service tax.

The bank accounts were frozen by the Central Board of Excise and Customs for non payment of service tax amounting up to Rs 25 crore.

However, Air India has claimed that negotiations are on to sort out the issue.

This is the second time in two months that Central Board of Excise and Customs Department has acted against Air India. In December, the department had frozen as many as 11 accounts of Air India, and 10 of the private carrier Kingfisher....more    
10:27 PM, Jan 12, 2012