There is some great news for the F1 lovers of India as India has taken steps to secure its return to the formula one calendar in the coming time.
India had hosted three races between 2011 and last year, but the grand prix will be absent from the Buddh circuit this season due to various reasons of which the government laws and rules were the primary ones. The unsupportive government’s strict import laws required cars and equipment mandatorily to be held up in customs and subject to hefty duties.
But now the scenario may change as reported by one of the leading newspapers of India. “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. This news has been further confirmed by the foreign trade department.
Jaypee (promoter of the circuit) chief Sameer Gaur confirmed, “It appears to be a positive development for automobile racing in India. We cannot, however, say more without studying the order.” This clearly shows that he was pretty happy with the positive intention of the government.
Indian motor sport federation chief Vicky Chandhok also added that he welcomed this decision to modify the import policy for cars and bikes for racing events.
