New Delhi: To provide a boost to the domestic aviation sector, the Civil Aviation Ministry has sought service tax exemption as well as customs duty relaxation for MRO activities.
In this regard, the discussions with the Finance Ministry have been "encouraging", Civil Aviation Minister Ashok Gajapathi Raju said today.
The Maintenance, Repair and Overhaul (MRO) works of aircraft are mostly done overseas by the local carriers as costs are high in India.
Noting that for the aviation sector most of the things are dependent on imports, Raju said that even for routing checks of aircraft, the planes are being taken to Singapore, Dubai and Sri Lanka.
"We need to pull in the USD 700 million worth MRO business into India. We had consultations (with the Finance Ministry) and it looks encouraging on the issues of service tax and (increasing) the customs duty window from one year to three years," the Minister said here.
02/02/16 PTI/Business Standard
To Read the News in full at Source, Click the Headline
In this regard, the discussions with the Finance Ministry have been "encouraging", Civil Aviation Minister Ashok Gajapathi Raju said today.
The Maintenance, Repair and Overhaul (MRO) works of aircraft are mostly done overseas by the local carriers as costs are high in India.
Noting that for the aviation sector most of the things are dependent on imports, Raju said that even for routing checks of aircraft, the planes are being taken to Singapore, Dubai and Sri Lanka.
"We need to pull in the USD 700 million worth MRO business into India. We had consultations (with the Finance Ministry) and it looks encouraging on the issues of service tax and (increasing) the customs duty window from one year to three years," the Minister said here.
02/02/16 PTI/Business Standard
