Aviation

Uttar Pradesh cuts taxes on aviation fuel

AGRA

Uttar Pradesh has announced a reduction in taxes on aviation fuel in a bid to promote air travel in the state.

Officials said a policy decision has been taken according to which airlines will now pay only 4 percent VAT on aviation fuel as compared to the 22 percent they were required to pay.

They said this will promote air travel to Agra, Lucknow, Varanasi and Allahabad in the state and it should give a push to tourism in the new arc being promoted to benefit Buddhists visiting shrines in the state.

For the Agra airport, which mainly caters to chartered flights, 18 companies had entered the fray to operate regular flights. But only North East Flight Company was given permission and it will begin operations early November.

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