News Details

India revises customs duties in attempt to boost F1 return

The Indian Government has announced a change to the way that customs duties are to be levied on equipment being brought in and out of the country for motorsports events.The change comes after Indian Grand Prix promoters Jaypee Sports ended up having to pay out for levies in previous years, after the government had refused to differentiate between team cars and equipment being brought into the country for the event from any other general goods and merchandise being imported for sale.On Wednesday, India's Directorate General of Foreign Trade announced that in future the promoter would be able to execute a secured bond with the Customs authorities guaranteeing that all the equipment left the...
Full Story »
1y ago from Crash.net 0
Share

You May Also Be Interested In...

Law change paves road for India GP return

Law change paves road for India GP return 10 January, 2014 Start of the...
1y ago from GrandPrix247.com

Indian government amends tax laws to lure F1 back

The Indian government has taken steps to lure Formula 1 back to the...
1y ago from TheF1Times.com

Law change paves road for India GP return

India has moved a step towards securing its return to the formula one...
1y ago from GrandPrix.com

New Force India to feature a ‘hump' and Telmex...

New Force India to feature a ‘hump' and Telmex branding 9 January,...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi off to best start since 2009

It's six years since Valentino Rossi last led the world championship...
12h ago from MotorcycleNews.c...

Title contenders look forward to Jerez

The Spanish Grand Prix at Jerez looks set to be one of the key milestones...
12h ago from MotorcycleNews.c...

Marquez on track with his fans

The MotoGP world champion lets off steam on track with some of his most...
14h ago from MotoGP.com

Pramac boss puts faith in ‘unlucky’ Hernandez

Pramac Racing team manager Francesco Guidotti says he trusts Yonny...
17h ago from Crash.net

Popular On IndyCarToday.com

IndyCar: Honda teams seek 'sweet spot'

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
13h ago from Racer.com

IndyCar: Age and experience leading the way so far in...

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
7h ago from Racer.com

Regalia will not race with Comtec at Aragon

Facu Regalia will not be racing in the opening round of the Formula...
17h ago from Motorsport.com

Three IndyCar teams fined after Long Beach

KV, Foyt and CFH hit with penalties. INDYCAR announced the following...
1d ago from Motorsport.com

Popular On TotalWRC.com

Meeke with good lead in Argentina

Kris Meeke completes the first full day of Rally Argentina with a...
6h ago from Crash.net

Mikkelsen retires en-route to SS4

Volkswagen Motorsport II pilot Andreas Mikkelsen has retired from Rally...
10h ago from Crash.net

MINI ALL4 Racing with Nasser Al-Attiyah secures win at...

MINI ALL4 Racing takes top two podium places and continues to lead 2015...
6h ago from Motorsport.com

Ogier tops opening SSS in Argentina

2015 Rally Argentina: Overall standings after Stage 1 (Top 12): 1....
1d ago from Crash.net

Popular On GunnersToday.com

Arsenal 'must buy players to avoid becoming nearly-men'

Jamie Carragher has warned Arsenal manager Arsene Wenger that he must add...
3h ago from SportsMole.co.uk

Chelsea may be favourites to beat Arsenal but don't...

Chelsea may be favourites to beat Arsenal but don't underestimate Arsene...
5h ago from DailyMail.co.uk

Wenger happy to alter style

And Wenger reckons a variation in his team's style of play will help them...
5h ago from Football365.com

Arsenal v Chelsea: Jose Mourinho mocks Arsene Wenger...

Jose Mourinho has bluntly dismissed Arsène Wenger’s claim that it...
5h ago from Telegraph.co.uk

Comments

comments powered by Disqus

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.