Airlines approach RIL to handle ATF services on their behalf

Saturday, May 19, 2012

Advanced Search
RSS

Content Guide
Follow us on

Home > Companies & Industry

Live Markets | Commodities


Email this	Facebook	Twitter	Print this

Airlines approach RIL to handle ATF services on their behalf

BS Reporter / Mumbai Feb 07, 2012, 21:46 IST

Reliance Industries (RIL) today said that after a ministerial panel on Tuesday allowed private airlines to import jet fuel directly, it has been approached by airlines to provide them services for handling jet fuel on their behalf at the airports.

The discussions are in the preliminary stage and modalities are yet to be finalised, the company said.

Related Stories

News Now


-	Goldman upgrades RIL to buy, shares rise
-	RIL to charge $0.15 marketing margin on CBM gas
-	Not given fair chance to be heard: RIL to govt panel
-	RIL invites price bids for CBM gas
-	RIL representatives to face PAC tomorrow on gas block issue
-	RIL secures $400 mn loan guarantee from Italian SACE

Direct import of jet fuel will allow cash-strapped airlines to save on high sales tax charged by state governments.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free

	Other Stories





-	Markets end higher led by SBI
-	G-8 leaders to discuss eurozone crisis
-	Digest of domestic news for the week
-	World stocks erase year's gain, Brent at 2012 low
-	Obama presses ailing Europe to focus on growth

Tags : RIL | ATF services | Reliance

Read Business news in

Advertisements


-	Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.


-	Journey on, We are by Your Side. Click here to know more


-	The Best Seller is Also the No. 1 in Mileage. Click here


-	2 Lac Apartments, 1 Lac House / Plots. Click here


-	One Partnership Endless Possibilities. Click here to know more


-	A Brand New Server at a Price That Fits Your Budget. Click here


-	Watch The Film Here. Click here to know more..


-	1 billion in saving for Unilever without any tangles.


-	Learn How One City is Running on FOOD SCRAPS.


-	Helping doctors detect diseases earlier, saving costs & extending lives.


-	Which is the best plan for your daughter


-	Check out the TRUE COLOURS of your Stocks, Now for FREE!


-	One of the leading business schools in the world.Know More

Sorry, comments to this story are closed

Latest Messages

Posted by: K.Mundanad

February 08 , 2012, 07:32 IST

Airlines may not be aware that, if the imports are handled on their behalf by any third party (other than transporters), the likelihood of a tax-demand by the states cannot be ruled out. Therefore, as a matter of abundant caution, they may seek independent expert opinion before entering into the contracts.

Table for Two
Now available at Special price
Rs.280/- Only
Buy Now


BS POLL

Where do you see Nifty at the end of the year?

4,500
5,000
5,500