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 »
3y 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...
3y 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...
3y 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...
3y 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,...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Lorenzo 'not prepared to fight' for wins

Jorge Lorenzo concedes that he is not yet in a position to fight for...
2h ago from SuperSport.com

Vinales wins season-opening Qatar MotoGP

Spain's Maverick Vinales on a Yamaha won the season-opening Qatar MotoGP...
16h ago from SuperSport.com

Mistake switching tyres - Marquez

Marc Marquez was left to rue his decision to swap from the hard to the...
5h ago from SuperSport.com

MotoGP Qatar: Sunday times and race results

Times and results from Sunday's MotoGP, Moto2 and Moto3 races in Qatar
20h ago from BikeSportNews.com

Popular On IndyCarToday.com

Video: Mario Andretti drives CMS road course

Mario Andretti took some hot laps around Charlotte Motor Speedway's road...
2d ago from Racer.com

James Hinchcliffe Onboard Lap in Mercedes-AMG C 63 DTM

Following on from Robert Wickens taking on James Hinchcliffe's Indycar,...

Remaining KV Racing assets ready for auction

A Dallara DW12 Indy car chassis, custom race car transporters and...
5d ago from Racer.com

Winds impact speeds at IMS IndyCar test

Graham Rahal led the way in Friday's six-hour Honda test at the...
2d ago from Racer.com

Popular On TotalWRC.com

Regroup exclusive: Seb Marshall

Regroup exclusive: Seb Marshall In the latest edition of the Regroup...
1d ago from WRC.com

Germany rings the changes

New stages and a new service base in 2017
3d ago from WRC.com

Video: Teaser Tour de Corse 2017

Video: Teaser Tour de Corse 2017
1d ago from WRC.com

PRE-EVENT TEST VIDEOS #1 Tour de Corse 2017

PRE-EVENT TEST VIDEOS #1 (Fan Footage) Che Guevara Energy Drink Tour de...
3d ago from WRC.com

Popular On GunnersToday.com

England's shocking one-cap wonder XI: No wonder they...

NGLAND handed Nathan Redmond and James Ward-Prowse debuts last week - but...
3h ago from DailyStar.co.uk

Arsenal icon Thierry Henry may not be ready for job

Thierry Henry admits he may not be experienced enough to replace Arsene...
6h ago from DailyMail.co.uk

Arsenal hold interest in signing Southampton...

Southampton midfielder Dusan Tadic has reportedly emerged as a potential...
2h ago from SportsMole.co.uk

Comments

Hottest News

Vandoorne says McLaren-Honda slowest car in F1

Fernando Alonso is not the only team driver who... Read More »
2h ago from ThisIsF1.com

FIA to review DRS usage after China

Formula 1 race director Charlie Whiting has... Read More »
2h ago from PlanetF1.com

Conclusions from the Australian GP

First blood went to Ferrari with a victory in the... Read More »
5h ago from PlanetF1.com

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.