Govt considering withdrawal of excise duty exemption on ATF

New Delhi: Air travel could soon become expensive, with the finance ministry considering withdrawal of excise duty exemption on aviation turbine fuel.
It also wants to the same with excise and customs exemptions enjoyed by a host of products ranging from pressure cookers to high-value pens and bicycle components. The finance ministry has identified 21 customs duty and 54 excise duty exemptions, where it has sought the industry and the public's comments for phasing them out.
The ministry has also asked for a list of other items on which the exemptions could be removed. ATF was one of the major items on which excise concessions are proposed to be withdrawn. At present, the excise duty paid on ATF is refunded to the airlines, helping them reduce costs.
11/04/06 Times of India

To Read the News in full at Source, Click the Headline