Import license exemption for aircraft clarified; permitted importers defined and list updated under foreign trade policy. The amendment revises the import-policy exemption for aircraft and helicopters under Chapter 88 of the ITC (HS), Schedule-1 so that specified entities may import new or used aircraft and helicopters without obtaining an import licence, subject to the condition that importation and use accord with the operator's permission; it updates and narrows the list of exempted organisations eligible for licence-free importation.
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Import license exemption for aircraft clarified; permitted importers defined and list updated under foreign trade policy.
The amendment revises the import-policy exemption for aircraft and helicopters under Chapter 88 of the ITC (HS), Schedule-1 so that specified entities may import new or used aircraft and helicopters without obtaining an import licence, subject to the condition that importation and use accord with the operator's permission; it updates and narrows the list of exempted organisations eligible for licence-free importation.
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