Minister of State for Civil Aviation, K. C. Venugopal said today that India is second fastest growing country in air traffic after China. There has been a consistent increase in air traffic during the last three years except in the year 2012.
"The rise in air traffic growth is very significant when compared to the top ten countries of the world in civil aviation. To further this growth, the government has been pursuing with the State Governments to reduce VAT on ATF," Venugopal said.
Further the minister said the government has also allowed direct import of ATF by Indian carriers as actual users, tax concession for parts of aircraft and testing equipment for third party maintenance and repair and overhaul of civil aircraft to promote ci vil aviation.
12/12/13 myiris
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"The rise in air traffic growth is very significant when compared to the top ten countries of the world in civil aviation. To further this growth, the government has been pursuing with the State Governments to reduce VAT on ATF," Venugopal said.
Further the minister said the government has also allowed direct import of ATF by Indian carriers as actual users, tax concession for parts of aircraft and testing equipment for third party maintenance and repair and overhaul of civil aircraft to promote ci vil aviation.
12/12/13 myiris
