Mumbai/New D'elhi: Tax-free bonds for construction of low-cost airports in small towns, inclusion of aviation turbine fuel (ATF) in declared goods, and an additional fund infusion of Rs 1,600 crore to Air India are some of the proposals of the civil aviation ministry for the Budget.
The ministry had taken inputs from airlines and airports before submitting these demands to the finance department for inclusion in the Budget, a senior official said.
The recommendations also include permission to the Airports Authority of India to raise tax-free bonds for construction of low-cost airports. Also, the ministry has asked for extending the custom duty credit scheme to airports.
Low-cost airports are on the National Democratic Alliance government’s priority list. Airlines have sought removal of high taxes on ATF, which has been causing huge losses to them.
Read news in full13/06/14 Business Standard
The ministry had taken inputs from airlines and airports before submitting these demands to the finance department for inclusion in the Budget, a senior official said.
The recommendations also include permission to the Airports Authority of India to raise tax-free bonds for construction of low-cost airports. Also, the ministry has asked for extending the custom duty credit scheme to airports.
Low-cost airports are on the National Democratic Alliance government’s priority list. Airlines have sought removal of high taxes on ATF, which has been causing huge losses to them.
Read news in full13/06/14 Business Standard
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