ATF can be imported say Indian officials

Victoria
By Victoria February 23, 2012 15:47

ATF can be imported say Indian officials


The Director General of Foreign Trade yesterday allowed individual domestic airlines to directly import aviation turbine fuel (ATF) by issuing a formal notification to this effect.

The notification states that airlines will have to apply afresh to the DGFT to be allowed to import ATF directly. Currently only State Trading Enterprises of the Government are allowed to import ATF. With airlines being allowed to import ATF directly, the imports will not attract sales tax and thereby help bring down the cost for domestic carriers. It is however highly unlikely that Indian state governments will allow imports without some sort of levy in place. As such this story may yet have further twists.

Victoria
By Victoria February 23, 2012 15:47
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