'Bring greenfield airports plans under project import scheme’

New Delhi: The Associated Chambers of Commerce and Industry of India (Assocham) has urged the finance ministry to notify all greenfield airport projects and modernisation of Delhi-Mumbai airport projects under its project import scheme so as to ensure timely implementation of the airports modernisation drive.
This scheme of the government provides for relaxation in the customs duty structure for equipment imported to put up green airport projects and their modernisation. Currently, the finance ministry has extended this benefit to Cochin International Airport through a notification under its project import scheme.
In a representation sent to the government, Assocham president Anil K Agarwal sought the finance ministry to immediately notify greenfield airport projects and modernisation of Delhi-Mumbai airport projects under the scheme on the lines of Cochin airport so that their execution takes off with relaxed customs duty.
31/03/06 Financial Express

To Read the News in full at Source, Click the Headline