Air Works Managing Director Vivek Gour today said it was a great forward looking step by the government in announcement of full exemption from custom duty and countervailing duty to aircraft spares, tyres and testing equipmjent in the budget. While reacting on the budget, he said the budget presentation puts the Indian MRO industry on a level playing field and with its international competition in the region. For us, it will help us attract business from airlines within 5 hours flying distance from India, he said. The MRO industry in India however still has to charge its customers service tax of 12 per cent which none of its competitors in the Middle East, Sri Lanka or South East Asia have, he pointed out.
