Shipping Co Director Arrested by Service Tax
SHIPPING News Worldwide, an online newspaper on international shipping reported that the Director of Kei Rsos Maritime Ltd, was arrested by officials of Directorate General of Central Excise Intelligence. Kei Rsos Maritime with its headquarters at Kakinada in Andhra Pradesh is engaged in ship chartering and port services. DGCEI in a Press Release said that verification revealed the company evaded payment of service tax involving more than Rs 8 crore. The company used the money, which should have gone to the Government, for their own purpose, it said.
The arrested Director was remanded to judicial custody till 20th October 2015.