F1 Fansite

F1 News

Law change could secure Indian F1 GP return

Posted on by with 0 Comments
Law change could secure Indian F1 GP return

Paul di Resta, Force India VJM06

India has moved a step towards securing its return to the formula one calendar.

New Delhi hosted three races between 2011 and last year, but the grand prix will be absent from the Buddh circuit this season.

Many believe the unsupportive government’s strict import laws, meaning cars and equipment are mandatorily held up in customs and subject to hefty duties, contributed to the demise of F1 in India.

But news this week indicates that the country may be paving the road for the return of the Indian grand prix.

The Times of India reports that race equipment will no longer be treated as normal imported cargo, so long as the equipment leaves the country within 30 days.

The foreign trade department confirmed the news.

“The decision will be music to the ears of (race promoter) Jaypee … who have been struggling to deal with rising import duties while organising the Indian grand prix over the last three years,” read the Times of India report.

Jaypee chief Sameer Gaur confirmed: “It appears to be a positive development for automobile racing in India. We cannot, however, say more without studying the (department’s) order.”

And Indian motor sport federation chief Vicky Chandhok added: “I welcome this decision to modify the import policy for cars and bikes for racing events.

“This will pave the way for India to host many more world class international motor sport events.”

Please share this F1 article & subscribe to our FREE F1 Newsletter

PinIt

Latest F1 News posts:

Find older posts on our F1 News page »

Free F1 Newsletter

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com '14 & '15 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets Italian F1 GP Italy
Available
Book Now
Book F1 Tickets USA F1 GP USA Available Book Now
Book F1 Tickets Belgian F1 GP Belgium Available
Book Now
Book F1 Tickets Singapore F1 GP Singapore Available
Book Now
Book F1 Tickets Spanish F1 GP Spain 2015 -20% till 31-07-'14
Book Now
Book F1 Tickets Monaco F1 GP Monaco '15 Available
Book Now
Book F1 Tickets Canadian F1 GP Canada '15 Available Book Now
Book F1 Tickets Canadian F1 GP Austria '15 Available Book Now
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.
Online Broker Compare