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Oct 23, 2019-Wednesday



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Wednesday, Oct 23, 2019

Carriers exempt from import licence

Government also decided to treat jet fuel supplies to long-distance flights of international carriers as exports.

india Updated: Apr 08, 2006 13:04 IST
Press Trust of India
Press Trust of India

In a boost to the aviation sector, the government on Friday decided to exempt public sector organisations including Air-India, Indian and Pawan Hans Helicopters Ltd, from obtaining licenses to import aircraft and treat jet fuel, food and beverages supplied to foreign airlines as exports.

Aircraft and helicopters, including used ones, could from now on be imported by PSUs like A-I, Indian, PHHL, Vayudoot, Airports Authority of India, Indira Gandhi Rashtriya Udan Academy and flying clubs recognised by the Civil Aviation Ministry, without obtaining import licences from the Director General of Foreign Trade (DGFT), according to a notification issued under the new Foreign Trade Policy.

Besides these PSUs, anyone permitted by the Civil Aviation Ministry to operate scheduled or non-scheduled air transport services would also not require a DGFT licence to import aircraft or choppers.

Those not in this category, however, would need a licence.

In another move aimed at making India an aviation refuelling hub, government also decided to treat jet fuel supplies to long-distance flights of international carriers as exports, enabling oil firms offer fuel at competitive rates.

Export status to aviation turbine fuel (ATF) supplied to foreign airlines would help oil firms claim duty drawback or rebate on duty chargeable on imported crude oil used in the manufacture of such fuel.

This would essentially translate into lowering of fuel prices.

First Published: Apr 07, 2006 20:13 IST

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