Slash taxes on jet fuel: Aviation sector
11/06/2014 12:25
In the wishlist for the general budget 2014-15, the Indian aviation industry has asked the government to slash taxes on jet fuel, exempt aircraft engines from customs duty and rationalise taxation of MROs, reported PTI. Senior airline, MRO (Maintenance, Repairs and Overhaul) and other aviation industry officials made their case on these and other issues at a pre-budget meeting with Civil Aviation Secretary Ashok Lavasa, industry sources said. The major demand among others included that government should put aviation turbine fuel (ATF) in the 'declared goods' category to reduce the sales tax from the prevailing rates ranging from 28 to 35 per cent across the country. The airlines also sought exemption of aircraft engines from customs duty, the officials said, adding that the exemption which was withdrawn in 2012 should be reinstated. The government should either put ATF in the 'declared goods' category or reduce excise duty on it from 8-10 per cent to zero, Aeronautical Society of India's council member, Debashish Saha, who was part of industry delegations, suggested.
11/06/2014 12:25
In the wishlist for the general budget 2014-15, the Indian aviation industry has asked the government to slash taxes on jet fuel, exempt aircraft engines from customs duty and rationalise taxation of MROs, reported PTI. Senior airline, MRO (Maintenance, Repairs and Overhaul) and other aviation industry officials made their case on these and other issues at a pre-budget meeting with Civil Aviation Secretary Ashok Lavasa, industry sources said. The major demand among others included that government should put aviation turbine fuel (ATF) in the 'declared goods' category to reduce the sales tax from the prevailing rates ranging from 28 to 35 per cent across the country. The airlines also sought exemption of aircraft engines from customs duty, the officials said, adding that the exemption which was withdrawn in 2012 should be reinstated. The government should either put ATF in the 'declared goods' category or reduce excise duty on it from 8-10 per cent to zero, Aeronautical Society of India's council member, Debashish Saha, who was part of industry delegations, suggested.
