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IMPORT DUTIES ON AIRCRAFT
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- IndiGo, SpiceJet & other travel stocks plunge up to 7%. Two big reasons whyTravel stocks, including IndiGo, SpiceJet, ixigo, Toman Cook and Yatra Online, fell sharply after Prime Minister Narendra Modi urged citize...
- EU envoy seeks investment liberalisation chapter in FTA with India, early investment pact conclusionEuropean Union Ambassador Herve Delphin seeks an investment liberalization chapter and an early investment protection pact for the India-EU...
- DGCA asks aircraft leasing companies to pay more tax on imported planesThe civil aviation ministry, which has been actively pushing for air connectivity to small cities and towns, now plans to take up the matte...
- DRI steps up probe into alleged evasion of customs duty by Lalit ModiThe aircraft, imported by travel firm Golden Wings, was reportedly used by Modi during 2009-10, officials said.
- Directorate of Revenue Intelligence seizes Rs 70-crore aircraft of pharma, plastic majorAn importer has to pay about 17 per cent duty fee for importing aircraft if it has to be used for private purpose.
- Directorate of Revenue Intelligence seizes Punj Lloyd plane on charges of duty evasionThe Directorate of Revenue Intelligence (DRI) has seized a plane owned by the Delhi-based Punj Lloyd for violating Indian rules by allegedl...
- Over Rs 280 cr duty yet to be recovered on imported aircraftsThe government is yet to recover over Rs 280 crore out of the Rs 290 crore customs duty that the tax department detected was not paid earli...
- Private cos evading duty in importing aircraft may fly into troublePrivate companies importing aircraft with non-scheduled operators’ permit (NSOP) and deploying them for private use better watch out.
- Training, charter aircraft exempt from import dutyThe government on Thursday exempted aircraft used in training, non-scheduled and chartered operations from import duties to give a fillip t...
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