Formula 1 organisers in tiff with the Custom department over 100 custom duty

The first Formula1 Grand Prix slated for end October seems to be in trouble. The customs department has asked the organisers, Jaypee Sports India to pay 100 percent duty upfront on all equipment comin

(8)

Raj Dean

September 20, 2011 - 7:49am

Obviously, the organisers haven't been paying our babus their fair share of bribes. So our babus have decided to derail the event - the prestige of the nation and other issues be damned.

(8)

Dr. Gurdeep Singh

September 18, 2011 - 8:52pm

A FORMULA 1 MISHAP IN ADVANCE. The Govt. of India's move to torment the organizers of F1 is not only a counterproductive act, it is tantamount to planning a 'Formula 1 mishap in advance'. The 19th century Australian poet, Adam Lindsay Gordon, in his poetry titled "Ye Weary Wayfarer" had written---"No game was ever yet worth a rap for a rational man to play,---Into which no accident, no mishap, could possibly find its way". The customs department is certainly going to bring in a mishap into F1, if the event is called off. The authorities must mend their crude ways of handling a rarely-organized international event in the country. The event should not be nipped in the bud.

(8)

bharat

September 18, 2011 - 8:24am

The worthies were obviously aware of the customs rules--they would have hired some expensive legal counsel for all their due diligences--but chose not to because they because they were confident of getting away with it after creating a last-minute shindy.

(8)

Contrarian

September 17, 2011 - 11:34am

There does not exist a single reason why they should be given any benefit on customs duty or any other tax in India!

(8)

I

September 17, 2011 - 11:34am

take advice from LKS..

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