Rafale fighter planes to get duty free entry into India

There will be no tax on jet fighter aircraft Rafale when it flies into India. “Since, it is government-to-government (G2G) deal, it will not attract any duty (basic custom duty, special additional duty SAD or counter veiling duty CVD)” a senior Finance Ministry official told BusinessLine. India and France are expected to sign an Inter Government Agreement soon for this deal, which is estimated to be worth over $6 billion.

See the full article at Business Line