Govt exempts CWG helium balloons from customs duty.

NEW DELHI: The much-talked about Helium balloons for the opening and closing in ceremony of the Commonwealth Games will be exempted from customs duty.

The Finance Ministry has withdrawn customs duty on the balloons, technically known as Aerostats, along with equipment used for their deployment, sources said.

Aerostats will be deployed at Jawaharlal Nehru Stadium for the upcoming Commonwealth Games.

The exemption is part of the government's move to remove customs duty on sports goods and equipment imported for the Commonwealth Games.

However, to avail the exemptions, these balloons will have to be imported by suppliers, contractors, vendors or sub-vendors of the Organising Committee of the Commonwealth Games, they said.

Earlier, in February this year, the government removed customs duty on various sports goods like arms and ammunition for shooting events, broadcasting equipment imported by Prasar Bharti for telecasting the spectacle and doping control equipment.

The Commonwealth Games are scheduled to be held in New Delhi from October 3 to 14 this year.

Source : economictimes.indiatimes.com