{"id":22495,"date":"2022-07-09T18:49:07","date_gmt":"2022-07-09T13:19:07","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=22495"},"modified":"2022-07-09T18:57:45","modified_gmt":"2022-07-09T13:27:45","slug":"indian-govt-exempts-excise-duty-on-atf-bought-by-indian-carriers-for-international-flights","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/07\/09\/indian-govt-exempts-excise-duty-on-atf-bought-by-indian-carriers-for-international-flights\/","title":{"rendered":"Indian govt exempts excise duty on ATF bought by Indian carriers for international flights"},"content":{"rendered":"\n

There was a big sigh of relief among Indian carriers, worried that the current export taxes on petroleum products would negatively affect flights leaving the country. The authorities have clarified that it has rolled back excise duty on aviation turbine fuel (ATF) operated for international operations.<\/strong><\/p>\n\n\n\n

Indian government <\/h2>\n\n\n\n

The Indian government had recently set additional taxes on petroleum products (petrol, diesel, ATF) to curb the practice of private fuel companies exporting fuel. Due to the international fuel lack, Indian companies had begun exporting fuel, which had caused a lack in domestic supplies.<\/p>\n\n\n\n

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Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

This rang alarm bells for Indian carriers, which sought clarifications from the government about whether the taxes would impact the costs of fuel bought for international operations.<\/p>\n\n\n\n

The new rules had created confusion, leading oil companies to think that Indian carriers would have had to shell out an additional 11% excise duty for filling up the tanks for flights to foreign destinations. Naturally, this did not go down well with the carriers already reeling under the pressure of skyrocketing fuel prices.<\/p>\n\n\n\n

India\u2019s finance ministry has announced <\/h2>\n\n\n\n

Thankfully, India\u2019s finance ministry has announced that ATF <\/a>supplied as fuel to domestic carriers on international routes would continue to be exempted from essential excise duty from July 1st.<\/p>\n\n\n\n

In a notification given on Thursday, the Ministry stated that the special additional duty on exports for ATF <\/a>would not apply \u201cwhen such goods are cleared for exports or given as fuel to foreign-going aircraft.\u201d<\/em><\/p>\n\n\n\n

Also, read <\/strong><\/p>\n\n\n\n