"If ATF is brought under the GST regime, we can get input tax credit," he told reporters here, adding that he would meet Revenue Secretary Hashmukh Adhia in this regard.
It can be noted that state chief minister Devendra Fadnavis has repeatedly been saying that the work on the first phase of the Rs 16,700-crore Navi Mumbai International airport will be completed by the end of 2019.
The possibility of aircraft having such engines being grounded till the issues are resolved has not been ruled out. In the latest incident, an IndiGo flight operated with A320 neo aircraft today suffered engine failure and made an emergency landing at Ahmedabad airport.
A lower VAT on ATF for small planes is crucial for the success of the government's regional connectivity scheme that aims to make flying affordable for people living in cities with airports that are unserved or under-served
The government has tasked the IT major Wipro to make a blueprint for this plan. Wipro is expected to revert with a report as early as next month, following which airports will begin to implement this feature.
The government has already been meeting states and airlines to discuss plans for the ambitious scheme that will put India's hinterlands on the country's aviation map.
The Dreamliners (Boeing 787-800) are helping the company to turnaround it's business in a big way, said Anil Mehta, the Officer on Special Duty (OSD) to the AI Chairman and Managing Director.
Sources with direct knowledge of the development said the panel, in Chapter 2 of its report, recommended continuation of the present production sharing contract (PSC) framework for the oil and gas sector, which allows for cost recovery by exploration and production (E&P) companies before they pay the government its share.