Story ID: AN2030713alerts
India Bizav Group Disappointed with Government Budget
By: Neelam Mathews
Caption: 
Word Count: 98
India’s Business Aviation Operators Association is disappointed that the government’s new budget does not seem to have anticipated boosts for the industry. In particular, it hoped that tax changes would have stimulated the development of regional airports, which would in turn have created much needed capacity for business aviation traffic. It did contain a change to customs duty rules that gives maintenance providers up to one year to use imported spares and get relief from duties. But Indian MROs are still unhappy about the 12.5-percent value added tax rate on spares and maintenance services.