Government bans use of non-scheduled operator’s licence by companies to import aircraft at low rates

aircraftNEW DELHI: India may bar import of aircraft at low rates by corporate groups for personal and official use in a move likely to generate opposition from companies with large in house charter operations.

The aviation regulator, Directorate General of Civil Aviation, (DGCA), has proposed to ban the use of non-scheduled operator’s (NSOP) licence by companies to import aircraft at rates as low as 3-4%. While aircraft imported for personal use are taxed higher (19-21%), companies, especially large corporate groups, are able to pay very low rates by securing an NSOP licence.

They create an aviation subsidiary company to house the aircraft. The aircraft are then chartered out to the parent organisations for official and personal use.

Read More: http://goo.gl/BhO1z1

Advertisements