Govt issues corrigendum to withdraw excise on ATF for international flights

Indian Oil had begun levying 11% duty following a govt notification; ATF accounts for 40% of an airline's operating expenses

In a move that is likely to bring major relief to airlines, the government has rolled back eleven per cent excise duty on aviation turbine fuel used for international operations. The finance ministry issued a corrigendum on Thursday withdrawing the duty.

Indian Oil Corporation began levying 11 per cent excise duty on ATF which it sold for international flights. This 11 per cent duty had not been imposed on international flights before July 1. IOC started levying it following a government notification on export of ATF.

Airlines protested the decision and demanded a rollback.  While elevated crude oil