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

More details emerge of Marquez injury

Further details have emerged regarding Saturday's finger injury for...
1h ago from Crash.net

Brilliant opening day of the season in Portimao

The Championship season began with the meeting held at the Algarve...
1h ago from MotoGP.com

Who is the most successful MotoGP rider at Jerez?

All of the vital MotoGP stats you need ahead of the Gran Premio win de...
28m ago from MotoGP.com

Honda expects Marquez, Pedrosa to race at Jerez

Honda MotoGP team manager Livio Suppo is expecting both Marc Marquez and...
1h ago from Motorsport.com

Popular On IndyCarToday.com

Montoya and Kimball disagree, both critical of race...

After a frantic IndyCar race at Barber, multiple drivers were left with...
12h ago from Motorsport.com

Newgarden Takes Maiden Win at Barber

An outstanding race full of strategy and passing saw Josef Newgarden hold...
14h ago from OpenWheelWorld.n...

Alabama: Qualifying results

Castroneves on pole as qualifying beats the storms Qualifying times Round...
1d ago from Crash.net

Mick Schumacher wins third-ever car race in German F4

Mick Schumacher, the 16-year-old son of seven-time Formula 1 World...
21h ago from Motorsport.com

Popular On TotalWRC.com

Four Out of Four Stage Win For Volkswagen On Day Three

Will a rally victory unlikely for Volkswagen Motorsport the team spent...

Sordo fights back to fifth

Hyundai's Dani Sordo says he will take a “lot of positives” from...
2h ago from Crash.net

Evans On Course For Another Strong Result

Day 3 of the XION Rally Argentina, round four of the FIA World Rally...

Meeke Takes Maiden Victory As Citroen Score 1-2

Northern Ireland's Kris Meeke has scored an emotional maiden victory in...

Popular On GunnersToday.com

Arsenal star Aaron Ramsey: Chelsea are the best team...

Arsenal midfielder Aaron Ramsey has conceded Chelsea are the best team in...
1h ago from TalkSport.com

Bellerin - Wing education has helped

Hector Bellerin believes that his early days as a winger have helped him...
1h ago from Arsenal.com

Wenger shows some ambition but falls short once more

Arsene Wenger was naturally disappointed not to claim all three points in...
5h ago from AllArsenal.com

Piers Morgan continues Twitter feud with Arsenal's...

GETTY Aaron Ramsey seems to have made an enemy in Piers Morgan Morgan has...
3h ago from Express.co.uk

Comments

comments powered by Disqus

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.