Govt notifies 2% excise duty on jet fuel under RCS: Reports
29/08/2016 00:01
The Indian Government has said that it has notified excise duty of 2 per cent for jet fuel purchased from airports that come under the regional connectivity scheme, which seeks to make flying more affordable. As per reports, the concessional excise duty rate would be applicable for airlines as well as cargo operators. Under the Regional Connectivity Scheme (RCS), announced as part of the new civil aviation policy, various financial incentives would be extended to airlines that would fly to unserved and underserved areas. As per reports, the scheme would be for air services connecting unserved and under-served routes ranging from 200 to 800 kilometre, while there would be no lower limit for hilly, remote, island and security sensitive regions, as per the draft RCS which was unveiled in July. As per reports, the Civil Aviation Ministry had also said that the central government would only levy an excise duty of 2 per cent on ATF at the RCS airports for three years.
29/08/2016 00:01
