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Air India piles up Rs 454crore service tax dues
May, 21st 2012

Five months after its accounts were frozen for non-payment of taxes and duties, crisis-ridden Air India has piled up about Rs 454 crore of dues but has promised to clear it as soon as it gets capital infusion from the government. "The total service tax dues of Air India is Rs 395 crore.

We will recover interest at the rate of 15%. Once the capital infusion happens, the company will repay the dues," official sources said.

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