The aviation sector — recovering from Covid19 — has sought a wide range of concessions on jet fuel in the Union budget.
Airlines want the government to consider a reduction in the excise duty on aviation turbine fuel (ATF) and a uniform 4 per cent VAT on the fuel across all states, the Federation of Indian Chambers of Commerce and Industry (Ficci) said in its budget memorandum to the government.
They have also sought exemption on aircraft and aircraft parts from IGST (integrated GST). The industry is grappling with the consequences of the war in Ukraine and the emergence of recessionary conditions in several economies.
