Mumbai, May 8 (ANI): The Bombay High Court will today hear a petition filed by the Anil Dhirubhai Ambani Group (ADAG) Company Ammolite Holdings challenging the seizure of the luxurious yacht ‘Tian’, which was chartered by the Reliance Transport and Travels Ltd, another ADAG company.
Division Bench of Justices F I Rebello and J H Bhatia will hear the matter.
The yacht was seized in February by the Customs Department for alleged tax evasion.
The Customs Department alleged that Ammolite Holdings had violated the Customs Act by “smuggling in” a luxurious yacht, which is believed to be a gift from Anil to his wife Tina Ambani.
The ADAG has denied that it “smuggled” a luxurious yacht into Indian waters. It claims that the yacht is having a foreign flag was not imported. It can sail in international as well as Indian waters. (ANI)