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 »
Full Story »
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...
10y 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...
10y 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...
10y 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,...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Oliveira frustrated by "baby steps" as 2024...
No description available...
3h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
3h ago from MotorsportWeek.c...
F1 owner Liberty Media set to finalise purchase of...
No description available...
17h 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...
14h ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
17h 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
WRC Safari Rally: Neuville edges Tanak to grab early...
No description available...
1h ago from Motorsport.com
Kenya launches motorsport academy to nurture future...
No description available...
26m ago from Motorsport.com
Kalle quickest in Safari shakedown
Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...
8h ago from MotorsportWeek.c...
Rovanpera: WRC technical overhaul for 2025 “makes no...
No description available...
21h 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...
56m 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...
56m ago from Arseblog.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...
2h ago from TheGuardian.com
'It would be a terrible mistake' - Gael Clichy sends...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Top manufacturer takes HUGE step towards F1 return
A top manufacturer has taken a significant step... Read More »
46m 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 »
6h 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 »
4h ago from GPBlog.com