AME QUESTION PAPER
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
    DIAL launches beta version of DigiYatra app at Delhi airport for quicker check-in process

    DIAL launches beta version of DigiYatra app at Delhi airport for quicker check-in process

    Flight delayed over mobile chat between couple in Mangaluru

    Flight delayed over mobile chat between couple in Mangaluru

    Jhunjhunwala demise unlikely to affect Akasa Air’s business

    Jhunjhunwala demise unlikely to affect Akasa Air’s business

    Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away

    Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away

    Independence Day security, long queues leave flyers a harried lot at Mumbai airport

    Independence Day security, long queues leave flyers a harried lot at Mumbai airport

    SpiceJet begins taxi service at 28 airports

    SpiceJet begins taxi service at 28 airports

    Male-bound private aircraft diverted to Coimbatore following smoke warning

    Male-bound private aircraft diverted to Coimbatore following smoke warning

    Go First Bengaluru-Male flight makes an emergency landing at Coimbatore after false alarm buzzes

    Go First Bengaluru-Male flight makes an emergency landing at Coimbatore after false alarm buzzes

    Air India to operate 24 additional domestic flights from August 20

    Air India to operate 24 additional domestic flights from August 20

  • Blogs
  • Login
  • Register
No Result
View All Result
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
    DIAL launches beta version of DigiYatra app at Delhi airport for quicker check-in process

    DIAL launches beta version of DigiYatra app at Delhi airport for quicker check-in process

    Flight delayed over mobile chat between couple in Mangaluru

    Flight delayed over mobile chat between couple in Mangaluru

    Jhunjhunwala demise unlikely to affect Akasa Air’s business

    Jhunjhunwala demise unlikely to affect Akasa Air’s business

    Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away

    Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away

    Independence Day security, long queues leave flyers a harried lot at Mumbai airport

    Independence Day security, long queues leave flyers a harried lot at Mumbai airport

    SpiceJet begins taxi service at 28 airports

    SpiceJet begins taxi service at 28 airports

    Male-bound private aircraft diverted to Coimbatore following smoke warning

    Male-bound private aircraft diverted to Coimbatore following smoke warning

    Go First Bengaluru-Male flight makes an emergency landing at Coimbatore after false alarm buzzes

    Go First Bengaluru-Male flight makes an emergency landing at Coimbatore after false alarm buzzes

    Air India to operate 24 additional domestic flights from August 20

    Air India to operate 24 additional domestic flights from August 20

  • Blogs
No Result
View All Result
AME QUESTION PAPER
  • Home
  • AME
  • RTR
  • Jobs
  • News
  • Blogs
Home NEWS

Domestic airlines need not pay excise duty on ATF purchases for overseas flights

AsitbyAsit
July 9, 2022
in NEWS
105
VIEWS

India has exempted domestic airlines running international flights from 11 percent basic excise duty on jet or aviation turbine fuel (ATF) bought from oil marketing companies.

The Finance Ministry said that ATF supplied as fuel to domestic carriers on international routes would remain exempted from basic excise duty from July 1.

The government had imposed a Rs 6 per litre special additional excise duty on the export of petrol and aviation turbine fuel (ATF). But the domestic airlines had asked for clarification on the applicability of the duty for their foreign flights.

Some oil companies were of the view that with the levy of export duty, domestic carriers would be liable to pay 11 percent basic excise duty for the ATF they purchase for overseas flights.

Domestic airlines are already bleeding due to steep ATF rate hikes.

The clarification brings domestic airlines back on par with foreign airlines for whom fuel is exempt from duty as per the Chicago convention.

”The potential levy of excise duty on ATF supplies to a foreign going aircraft has proactively been exempted by the government, with no excise duty (basic or special) being applicable on such supplies,” KPMG Tax Partner Abhishek Jain told PTI.

“This alignment to the taxability as existent pre-imposition of excise duty on exports is a much welcome move for the airline industry, specifically in the backdrop of increasing ATF costs,” Jain added.

 

Related Posts

DIAL launches beta version of DigiYatra app at Delhi airport for quicker check-in process
NEWS

DIAL launches beta version of DigiYatra app at Delhi airport for quicker check-in process

August 16, 2022
Flight delayed over mobile chat between couple in Mangaluru
NEWS

Flight delayed over mobile chat between couple in Mangaluru

August 16, 2022
Jhunjhunwala demise unlikely to affect Akasa Air’s business
NEWS

Jhunjhunwala demise unlikely to affect Akasa Air’s business

August 16, 2022
Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away
NEWS

Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away

August 14, 2022
Load More

Website Total Visitor

421523

Connect with us Social Media

Instagram Telegram Facebook-f Linkedin Twitter

Copyright 2017-2022 © All rights Reserved. Design by AME QUESTION PAPER ❤

No Result
View All Result
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
  • Blogs
  • Login
  • Sign Up

Copyright 2017-2022 © All rights Reserved. Design by AME QUESTION PAPER ❤

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In