Govt classifies blended ATF with 2% excise for regional flight operators

Quick Summary:

SAF, with chemical properties similar to conventional jet fuel, offers a cleaner alternative to fossil-based fuels.

For other uses of blended ATF, the excise duty rate will be 11 per cent.

This marks a preliminary step towards potentially making blended ATF optional for domestic flights next year, with a mandatory target set for 2027, according to a report by The Economic Times.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Blended ATF Excise duty Blended aviation turbine fuel UDAN scheme Fuel blending Sustainable aviation fuel Regional Connectivity Scheme Aviation sector Aviation turbine fuel SAF target

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:07:06 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23334972

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