News Details
Indian government amends tax laws to lure F1 back
The Indian government has taken steps to lure Formula 1 back to the country after the race was dropped from the 2014 calendar. One of the main sticking points, which has caused a great deal of hassle to the teams, was the governments view on F1, which it doesn't deem a sport and is therefore liable to pay import tax on any equipment it brings into the country. Despite numerous calls to change the law, it remained in place. However the Directorate General of Foreign Trade (DGFT) has now amended the policy relating to the 'importation of cars and motorcycles for use in motor racing events'. The change allows vehicles and equipment to be imported for a maximum of 30 days, after that time they...
Full Story »
Full Story »
10y ago from TheF1Times.com
0
You May Also Be Interested In...
New Jersey venue could change
Sutton Images Enlarge Bernie Ecclestone has revealed that the venue for...
10y ago from espnF1.com
Michael Schumacher 'stable' but critical four days...
Grenoble, France: Formula One legend Michael Schumacher remained...
10y ago from NDTVSports.com
F1 2014 – Ex-F1 drivers head to Formula E
A wave of ex-formula 1 drivers are making their way to “formula E”, a...
10y ago from F1.co.uk
Austrian circuit gets green light
It is all systems go for the return of the Austrian Grand Prix with the...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Pedrosa says 'unexpected' MotoGP return pushed by...
No description available...
2h ago from Motorsport.com
Quartararo: Yamaha MotoGP satellite team "must be...
No description available...
2h ago from Motorsport.com
Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...
Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...
3h ago from MotorsportWeek.c...
Yamaha to bring brand new MotoGP bike at Jerez test
Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...
32m ago from MotorsportWeek.c...
Popular On IndyCarToday.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
11h ago from MotorsportWeek.c...
McLaughlin issues statement following St. Pete...
No description available...
11h ago from Motorsport.com
Full-time IndyCar move “an option” says supersub...
No description available...
14h ago from Motorsport.com
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
23h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
1d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
23h ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Spurs v Arsenal has extra edge but derby mentality may...
el Arteta’s side are chasing the title but Ange Postecoglou wants a...
1h ago from TheGuardian.com
'Mesmerising at the moment' - Gary Neville feels...
No description available...
1h ago from SportsKeeda.com
'It looks a bit crass' - Mesut Ozil trying to emulate...
No description available...
6h ago from SportsKeeda.com
Chelsea superstar ruled out of rest of 2023-24...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Audi agree LONG-TERM F1 deal with star driver
Audi have agreed a long-term deal for the first... Read More »
6h ago from GPFans.com
Rosberg reveals financial toll of rivalry with Hamilton
Nico Rosberg recently shed light on an intriguing... Read More »
3h ago from F1i.com
Croft: 'I think Horner's hostility towards Wolff comes from...
Christian Horner and Toto Wolff will never be... Read More »
3h ago from GPBlog.com