NETWORK18

News Videos Blogs

Font Size A+A-

Praful to meet PM, air concern over ATF

TimePublished on Wed, Jun 11, 2008 at 16:46, Updated on Wed, Jun 11, 2008 at 17:03 in Business section

AIRING CONCERN: Airlines say they will save about Rs 4,000 crore if ATF is included in declared goods.

AIRING CONCERN: Airlines say they will save about Rs 4,000 crore if ATF is included in declared goods.


Featured Blog

Featured Slideshows

Ads by Google

New Delhi: Aviation minister Praful Patel is meeting Prime Minister Manmohan Singh after he met CEOs of airline companies earlier on Wednesday.

Sources in the Civil Aviation Ministry say that he will be pitching for Aviation Turbine Fuel to be brought into the declared goods category.

If this gets implemented, it will bring sales tax to a uniform four per cent across the country.

Airlines say they will save about Rs 4,000 crore if this happens.

The benefits could then be passed on to the consumer.

There also fears that low cost airlines could shut down if the cost of jet fuel is not brought down.

Ads by Google

Related links:

Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

Read more comment »

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture