Tour Operators and Hotels Can Now Import Cars and SUVs

According to news reports, the Foreign Trade Policy (FTP) 2013-14 is likely to bring cheer to the tourism and hospitality sector, with the government allowing hotels and tour operators to import cars and Sport Utility Vehicles (SUVs) under the Served from India Scheme (SFIS). “I am allowing use of SFIS scrips for import or domestic procurement of motor cars, SUVs, all purpose vehicles for hotels, travel agents, tour operators and companies owning/operating golf resorts for tourist purposes,” Anand Sharma Minster for Commerce, Industry and Textiles, Government of India told reporters in New Delhi recently.

He said this was being done to encourage export of services, especially in the tourism sector. The FTP document said the SFIS scrips can be used for payment of import duties. The service providers are entitled to duty credit scrips under SFIS at the rate of 10 per cent of free foreign exchange earned during a financial year.

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