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 »
2y 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...
2y 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...
2y 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...
2y 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,...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Lorenzo says Red Bull Ring's Turn 2 "very...

Jorge Lorenzo has voiced concerns with the Red Bull Ring’s Turn 2 ahead...
7h ago from Motorsport.com

Moto2: Zarco and Binder among riders sampling Red Bull...

Reigning Moto2 world champion Johann Zarco and Moto3 championship leader...
13h ago from MotorcycleNews.c...

Opinion: Rossi screw-up ends title chances?

To call Sunday’s MotoGP race an unmitigated disaster for the factory...

Moto2: Who the hell is Luca Marini?

It’s not always the step up in racing to be a member of one of the...

Popular On IndyCarToday.com

INDYCAR: Schmidt expects both drivers back in '17

Sam Schmidt expects to keep Schmidt Peterson Motorsports' full-time...
2h ago from Racer.com

INDYCAR: Munoz wants to return amid blurry future

Andretti Autosport's Carlos Munoz can't wait to find out where he'll be...
49m ago from Racer.com

Dean Stoneman to test for Andretti at IndyCar Watkins...

British driver Dean Stoneman is one of three drivers confirmed to test...

INDYCAR: Stoneman 'going to enjoy' WG test

Dean Stoneman will make his IndyCar test debut with his Indy Lights squad...
4h ago from Racer.com

Popular On TotalWRC.com

Finland WRC: Mikkelsen and Tanak share first place in...

Volkswagen's Andreas Mikkelsen and DMACK driver Ott Tanak set identical...
2h ago from Motorsport.com

SS1: Honours even after Finland opener

Huge crowds pack Neste Rally Finland opener
1h ago from WRC.com

Tanak spurred on by Poland near miss

Estonian steps up his preparations
8h ago from WRC.com

Latvala tops Finland shakedown

Volkswagen closes out top three times
9h ago from WRC.com

Popular On GunnersToday.com

Petr Cech: 'Per Mertesacker will be hard to replace'

Arsenal goalkeeper Petr Cech has warned that it will be tough to replace...
5h ago from SportsMole.co.uk

Arsenal keeping tabs on City's Denayer

Earlier this month a couple of publications reported that Arsenal are...
5h ago from News.ArseBlog.com

Francis Coquelin to fill in as makeshift defender?

Arsenal midfielder Francis Coquelin has hinted that he could fill in as a...
5h ago from SportsMole.co.uk

Wenger promotes The Jeff to Arsenal first team

Arsenal have confirmed that Jeff ‘The Jeff' Reine-Adelaide has been...
7h ago from News.ArseBlog.com

Comments

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.