Indigo Faces Rs 25 Lakh Fine Over ATF Duty Dispute
Date
1/16/2025 5:11:50 AM
(MENAFN- Bangladesh Monitor)
NewDelhi: Leading airline IndiGo announced on Wednesday (Jan 15) that the customs department has imposed a fine of over Rs 25 lakh on the company concerning duty on jet fuel.
The fine was imposed by the Joint Commissioner (Customs) at the Office of the Commissioner of Customs, Ludhiana.
In a regulatory filing, InterGlobe Aviation, the parent company of IndiGo, stated that the fine pertains to an "additional duty of customs on remnant Aviation Turbine fuel (ATF)."
The company confirmed it will take appropriate legal measures against the fine but noted that it will not have any material impact on its financials, operations, or other activities.
-B
MENAFN16012025000163011034ID1109096871
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.