ECB for Working Capital Allowed in Civil Aviation Direct Import of ATF by Indian Carrierspermitted 49% Participation in Equity by Foreign Airlines Under Consideration.

ECB for Working Capital Allowed in Civil Aviation Direct Import of ATF by Indian Carrierspermitted 49% Participation in Equity by Foreign Airlines Under Consideration. https://www.taxtmi.com/news?id=2914 Permission was proposed to permit external commercial borrowings for short term working capital needs of the airline industry subject to an aggregate ceiling; the Government authorized direct import of Aviation Turbine Fuel (ATF) by Indian carriers as actual users; and a proposal to allow foreign airline equity participation up to a specified threshold in scheduled and non scheduled carriers is under active consideration. en-us Fri, 16 Mar 2012 13:52:47 +0530 Fri, 16 Mar 2012 13:52:47 +0530 TaxTMI RSS Generator ECB for Working Capital Allowed in Civil Aviation Direct Import of ATF by Indian Carrierspermitted 49% Participation in Equity by Foreign Airlines Under Consideration. https://www.taxtmi.com/news?id=2914 Permission was proposed to permit external commercial borrowings for short term working capital needs of the airline industry subject to an aggregate ceiling; the Government authorized direct import of Aviation Turbine Fuel (ATF) by Indian carriers as actual users; and a proposal to allow foreign airline equity participation up to a specified threshold in scheduled and non scheduled carriers is under active consideration. News - Fri, 16 Mar 2012 13:52:47 +0530 https://www.taxtmi.com/news?id=2914