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of <h1>India Amends Customs Notification: Aircraft Can Temporarily Import for Aero Shows Without Bank Guarantee or Cash Deposit.</h1> The Government of India has issued an amendment to Notification No. 08/2016-Customs, dated February 5, 2016, allowing the temporary importation of aircraft for participation in an Aero Show organized by the Central Government without the need for a bank guarantee or cash deposit. This change, effective from February 7, 2019, is made under the powers granted by the Customs Act, 1962, and is deemed necessary in the public interest. This amendment modifies condition (2) of the original notification, providing an exemption specifically for such events.
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