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Indian Government Hits Bharat Hotels with $3.3 Million Fine for Import Violation

ABACE Convention News » March 28, 2012 by  Neelam Mathews March 27, 2012, India’s Directorate of Revenue Intelligence has slapped a $3.3 million penalty and fine on New Delhi-based Bharat Hotels for not paying customs duty on the Embraer Legacy 600 it imported for charter services in 2009. The Reserve Bank of India allows six months to provide proof of import from the time money is sent out of the country for payment. Bharat Hotels flaunted this rule with a foreign-registered aircraft that was imported with duty and continued to fly around India. Customs duty for private use of aircraft in India is 18 percent and for charter operations 2.5 percent. “This gives general aviation a bad name,” an Indian government official told AIN. He added however, there are too many rules with loopholes bordering on grey areas. “Unfortunately, violations bring in more stringent checks and knee-jerk reactions by the government,” he said. For instance, new rules announced in the latest India...

Indian Government Hits Bharat Hotels with $3.3 Million Fine for Import Violation

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ABACE Convention News » March 28, 2012 by  Neelam Mathews March 27, 2012, 4:20 AM   India’s Directorate of Revenue Intelligence has slapped a $3.3 million penalty and fine on New Delhi-based Bharat Hotels for not paying customs duty on the  Embraer Legacy 600  it imported for charter services in 2009. The Reserve Bank of India allows six months to provide proof of import from the time money is sent out of the country for payment. Bharat Hotels flaunted this rule with a foreign-registered aircraft that was imported with duty and continued to fly around India. Customs duty for private use of aircraft in India is 18 percent and for charter operations 2.5 percent. “This gives general aviation a bad name,” an Indian government official told  AIN . He added however, there are too many rules with loopholes bordering on ...

Jet Airways letter of intent for WheelTug aircraft drive system

Posted by- Neelam Mathews March 9, 2012 Jet Airways and Gibraltar-based WheelTug have signed a Letter of Intent under which Jet Airways, subject to all financial, technical and operational feasibility checks and necessary regulatory approvals, has the right to lease WheelTug Aircraft Drive Systems for installation on its Boeing 737NG aircraft The WheelTug electric drive system uses high-performance electric motors, installed in the nose gear wheels of an aircraft, to provide full mobility while on the ground, without the use of the aircraft's jet engines or tugs for both pushback and taxi operations, says a statement Current commercial aviation practice utilizes a tug for aircraft gate pushback, while forward taxi is powered by the aircraft’s engines. Typically, a taxiing Boeing 737 burns 24 to 27 pounds of fuel per minute. The electric WheelTug unit needs only four pounds of fuel per minute by using the aircraft’s auxiliary power unit (APU), representing an 80% reduction i...