Sources
told Business Line that there was a precedent for granting the
refund as the Delhi Metro Rail Corporation, which is
undertaking the metro project was given relief by the Delhi
and Haryana State Governments.
At
the moment, Delhi charges a VAT rate of either four per cent
and 12.5 per cent depending on the machinery being imported.
The
acceptance of plea will come as a relief to Delhi
International Airport Ltd (DIAL), the company undertaking the
modernisation programme as the cost of completing phase one of
the project had risen to Rs 8,900 crore from Rs 5,000 crore
estimated earlier.
A
consortium led by the GMR Group won the mandate to modernise
the Delhi airport in January 2006.
The
consortium includes Fraport, the promoters of Frankfurt
airport, and Airports Authority of India (AAI).
The
house also passed the Punjab Appropriation bill.
