NEW DELHI - With a view to giving a fillip to the tourism industry, which is witnessing a downturn due to the global meltdown, Finance Minister Pranab Mukherjee allocated Rs.1,070 crore to the sector in the union budget he presented in parliament Monday.
Mukherjee also announced custom duty exemption for water and snow equipment to boost adventure tourism.
“We welcome the move to exempt custom duty for all water and snow equipment that are used in adventure tourism. It will give a boost to adventure tourism. It was a major demand of the ministry that has been fulfilled, Tourism Minister Kumari Selja said here while welcoming the budget.
Selja had met the finance minister last month for budgetary sops, which included custom duty waiver for inflatable raft, snow skis, water skis, surf boat, sail board and other water sports equipment.
http://blog.taragana.com/n/tourism-sector-gets-rs1070-crore-100750/
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