Customs authorities are considering taking stringent action on corporate heads using luxury jets, if they are found to be violating rules, reports the Times of India. 

The authorities have released a list of 20 private jets, used by leading industrialists who have 'misrepresented and suppressed facts'. The customs department has collected Rs 1,100 crore ($253.7m) in the last two months by bank guarantees and bonds.
 
Leading industrialists such as the Ambani brothers are featured in the list of suspected duty evaders. The customs department has issued showcause notices to them. Mukesh Ambani who owns Reliance Industries tops the list and has deposited Rs 597 crore ($137.7) against bond and bank guarantees. His younger brother, Anil has deposited Rs 171 crore ($39.4m).

According to customs officials, the bill of entry filed during the import of aircraft and other documents regarding the use of the aircraft indicated evasion of customs duties up to several thousand million.

The officials said that an aircraft imported for nonscheduled passenger services or nonscheduled charter services have to be used only for providing nonscheduled passenger or charter services and cannot be used for personal use.

According to the commissioner of customs, in such an instance the airline would have to pay a duty equivalent to 25% of the actual cost of the aircraft. X