Puducherry: Chief Minister N Rangasamy on Monday announced cut on Aviation Turbine Fuel (ATF) and made it lower than in Tamil Nadu, to attract flight operation as part of tourism promotion in the Union Territory. He also announced reduction of VAT on speakers and amplifiers to 8 per cent from 10 per cent.
Winding up the debate on demands for grants for the departments held by him in the Assembly, Rangasamy said the VAT on ATF for aircraft with a take off mass below 40,000 kg would be reduced to one per cent from five per cent and the ATF for aircraft with take off mass above 40,000 kg would be reduced to five per cent from 14.5 per cent.
This reduction is aimed at attracting oil companies to set up aviation fuel depot in Puducherry and flight operators to avail of the opportunity to get ATF at lower prices, which will also fetch revenue for the government.
30/07/13 New Indian Express
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Winding up the debate on demands for grants for the departments held by him in the Assembly, Rangasamy said the VAT on ATF for aircraft with a take off mass below 40,000 kg would be reduced to one per cent from five per cent and the ATF for aircraft with take off mass above 40,000 kg would be reduced to five per cent from 14.5 per cent.
This reduction is aimed at attracting oil companies to set up aviation fuel depot in Puducherry and flight operators to avail of the opportunity to get ATF at lower prices, which will also fetch revenue for the government.
30/07/13 New Indian Express
