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08-30-2013, 11:19 PM #1
Aviation Ministry to press state governments to reduce taxes on ATFStating that the aviation industry was reeling under the impact of the rupee slide and rising crude oil prices, the Civil Aviation Ministry on Friday said it would continue to impress upon the State Governments to reduce taxes on aviation turbine fuel (ATF) to provide relief to the cash-strapped airlines.
A large number of industry leaders and experts expressed concern over the rising cost of operations of the airline industry, but warned the industry against indulging in price water as such a move could impact their financial bottomline.
``The rise in ATF prices will have an impact. We have been requesting the state governments to consider reduction in taxes they levy on ATF, keeping in mind the rising oil prices. While the governments of Jharkhand, Chhattisgarh, West Bengal, Rajasthan and Madhya Pradesh have reduced taxes on jet fuel, we are pursuing other states to follow suit and are assuring increased air connectivity if they did,’’ Civil Aviation Secretary K.N. Shrivastava said on the sidelines of an ASSOCHAM conference on aviation here....being a human...