Re-import exemption for aircraft engines and parts: customs duty limited to customs payable on cost of repair. The notification grants a re-import exemption for aircraft engines and specified parts, limiting customs duty and integrated tax relief to amounts in excess of the customs duty payable on the cost of repair (including material, labour, insurance and freight). It applies where parts fail abroad and are returned, where stand-by parts are returned unused, and where parts lent abroad by an Indian company are re-imported; the concession is subject to conditions and procedural requirements laid down by the Government and supersedes the earlier notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Re-import exemption for aircraft engines and parts: customs duty limited to customs payable on cost of repair.
The notification grants a re-import exemption for aircraft engines and specified parts, limiting customs duty and integrated tax relief to amounts in excess of the customs duty payable on the cost of repair (including material, labour, insurance and freight). It applies where parts fail abroad and are returned, where stand-by parts are returned unused, and where parts lent abroad by an Indian company are re-imported; the concession is subject to conditions and procedural requirements laid down by the Government and supersedes the earlier notification.
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