Zimbabwe government waives duty on airplane spares

Zimbabwe:

The Zimbabwean government has waived duty on all aircraft spare parts imports in a bid to help ease pressure on the troubled national airline Air Zimbabwe. Air Zimbabwe owes lenders over $330 million and is loosing market share to emerging private airlines.

In a government gazette published last week Friday it was said that 'Finance Minister Patrick Chinamasa has in terms of section 235 of the Customs & Excise Act rescinded duty on engine spares for Air Zim.'

'Subject to this section & to such conditions as the Commissioner General may, fix a rebate of duty, shall with effect from the 1st of January to 31 December 2017, be granted on engine spares and components for Air Zimbabwe,' the gazette reads.

There are numerous engine spares' tariff heading which have been approved by Chinamasa to benefit from the rebate in a bid to to avert departure and arrival delays.

Source: Daily News