The Foreign Aircraft (Exemption from Taxes and Duties on Fuel and Lubricants) Act, 2002
Learn about the Foreign Aircraft Act of 2002 that provides tax and duty exemptions on fuel and lubricants for foreign airlines operating in India.
Foreign Aircraft Act 2002Tax Exemption For Foreign AirlinesFuel And Lubricant Duties ReliefInternational Air TransportPromotion Of Tourism And Trade
Summary
The Foreign Aircraft (Exemption from Taxes and Duties on Fuel and Lubricants) Act, 2002 was enacted to provide foreign airlines operating in India with relief from taxes and duties on fuel and lubricants. The Act aims to facilitate international air transport, promote tourism and trade, and improve economic relations between India and other countries. The Act also provides for the appointment of officers to enforce its provisions and for penalties in case of contravention.
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