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Aviation stocks take off

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Shares of three companies rose by 1.66% to 4.53% at 15:09 IST on BSE on that the civil ministry is considering a steep reduction on the GST levied on MRO industry.

(up 4.53%), (up 3.69%) and Aviation (up 1.66%), edged higher.

The was up 120.78 points, or 0.35% at 34,426.21.

suggested that the government is trying to bring the (GST) levied on aviation maintenance, repair and overhaul (MRO) industry down to a level of 5%. At present, the MRO industry is taxed at 18%, making aircraft servicing in costlier than other countries. There is also a proposal under consideration to give a five-year exemption to newly-set up MRO facilities, reports added.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 15:08 IST
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