In place of current ad valorem rates, the Central Government is planning to levy specific rate of excise duty on aviation turbine fuel. ATF presently is chargeable at 11 per cent ad valorem rate of excise duty. Concessional rate of 2 per cent is applicable for ATF sold under Regional Connectivity Scheme. The Government said that that petrol and diesel are already under specific rate of excise duty and so ATF naturally qualifies for such a shift.
Govt. considering levying specific rate of excise duty on aviation turbine fuel (ATF)
Date:
