Compounding the troubles of the debt-ridden Kingfisher Airlines, the excise authorities have frozen the bank account of the carrier for its failure to pay service tax dues of about Rs 35 crore.
“They were supposed to clear their arrears by paying certain amount. They had agreed to pay Rs 1 crore every day,” Chairman of the Central Board of Excise and Customs (CBEC) S K Goel said here at a function to mark the Central Excise Day.
From: http://ping.fm/Cmkww
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