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Government cuts excise on ATF to 11% effective October 11

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The measure comes as higher ATF prices and a weaker rupee are troubling airline finances.

The government has announced to cut excise duty on aviation turbine fuel (ATF) from 14 to 11 percent effective October 11. The move, will not only provide relief to airlines, but will keep airfares in check.

The announcement was made by the Revenue Department in a notification on October 10.

The measure comes as higher ATF prices and a weaker rupee are troubling airline finances.

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