Govt cuts excise duty on jet fuel to 11 pc from current 14 pc

The government today cut excise duty on jet fuel to 11 per cent from current 14 per cent in a bid to give relief to the aviation industry that has been hit hard by high fuel prices.

A notification issued by the Revenue Department of the Finance Ministry said the excise duty on aviation turbine fuel, ATF change will come into force with effect from tomorrow.