Tuesday, March 07, 2006

Foreign airlines to meet in Mumbai

New Delhi: Upset at the latest budget proposal of levying a 12 per cent service tax on first and business class international air travel, the airline industry is to meet in Mumbai in the next few days to decide on the future course of action.
Official sources said that the next meeting of the Bureau of Airline Representatives (BAR) would take up not only the impact of the implementation of the latest Budget proposal but also how the Fringe Benefit Tax (FBT) would affect the industry.
The BAR is an apex association of international airlines that meets regularly to take up issues affecting the industry. The industry is also worried that the implementation of the latest tax proposal could lead to passengers preferring to travel by economy class instead of business class on flights to close-by international destinations.
07/03/06 Sify
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