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
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
4h ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
4h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
18h ago from Motorsport.com
Dall’Igna calls Bagnaia/Marquez Portugal MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
15h ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
18h ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
1d ago from Motorsport.com
Drivers offer thoughts on Thermal exhibition, ideas on...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Kenya launches motorsport academy to nurture future...
No description available...
1h ago from Motorsport.com
WRC Safari Rally: Neuville edges Tanak to grab early...
No description available...
2h ago from Motorsport.com
Kalle quickest in Safari shakedown
Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...
9h ago from MotorsportWeek.c...
Rovanpera: WRC technical overhaul for 2025 “makes no...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
The reason why Barcelona have ruled out a move for...
La Liga champions Barcelona have ruled out a move for Arsenal manager...
1h ago from CaughtOffside.com
He comes from Portugal- now how does he play for...
Over the last few seasons, Arsenal have been able to create a strength in...
1h ago from Arseblog.com
Haaland v Havertz: a style subplot as City’s goal...
Norwegian remains ruthless but in the awkward German the title pretenders...
2h ago from TheGuardian.com
Who is in form as the Premier League hits the business...
enal face their biggest test of the campaign on Sunday. Their trip to...
3h ago from TheGuardian.com
Comments
Hottest News
Top manufacturer takes HUGE step towards F1 return
A top manufacturer has taken a significant step... Read More »
1h ago from GPFans.com
F1 owners ‘close’ to stunning £3.5 BILLION takeover of...
A multi-billion pound deal put forward by Formula... Read More »
7h ago from GPFans.com
'Thai shareholder wants Red Bull GmbH to move to Dubai'
Christian Horner seems to be locked in the saddle... Read More »
5h ago from GPBlog.com