Jet, Sahara to dump fuel burden as ATF gets cheaper - The Economic Times
Jet, Sahara to dump fuel burden as ATF gets cheaper - The Economic Times
Jet Airways and Air Sahara — recently designated to operate flights to key international hubs like London, Singapore and Kuala Lumpur — can now buy aviation turbine fuel (ATF) at a cheaper rate for their international operations.
In a significant bonanza to the two private sector carriers, the government has included them in the list of designated carriers eligible for exemption from central excise and sales tax on the ATF procured for international operations.
The fuel purchased by these carriers for international operations will be considered as deemed exports, eligible for exemption from these levies. A-I and IA already enjoy this facility, which has been extended to private airlines too, Union civil aviation minister Praful Patel said.
Jet Airways and Air Sahara — recently designated to operate flights to key international hubs like London, Singapore and Kuala Lumpur — can now buy aviation turbine fuel (ATF) at a cheaper rate for their international operations.
In a significant bonanza to the two private sector carriers, the government has included them in the list of designated carriers eligible for exemption from central excise and sales tax on the ATF procured for international operations.
The fuel purchased by these carriers for international operations will be considered as deemed exports, eligible for exemption from these levies. A-I and IA already enjoy this facility, which has been extended to private airlines too, Union civil aviation minister Praful Patel said.
posted by Aseem at
9:31 PM
0 Comments:
Post a Comment
<< Home