IFSC aircraft import and export procedures set detailed customs filing, inspection, transfer and out charge processes for units. The amendment establishes procedural rules for IFSC Units importing, procuring, supplying or exporting aircraft via SEZs: filing Bills of Entry or Shipping Bills with IFSC/SEZ endorsements through authorised channels, assessment by the SEZ Authorised Officer on transaction value, designation of the customs airport/port/landing station as place of first receipt, electronic transmission of assessed entries and inspection reports between customs officers and the Authorised Officer, and deemed completion of customs out charge or export upon verification of inspection reports; custody must be maintained by a person approved under section 45 of the Customs Act.
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Provisions expressly mentioned in the judgment/order text.
IFSC aircraft import and export procedures set detailed customs filing, inspection, transfer and out charge processes for units.
The amendment establishes procedural rules for IFSC Units importing, procuring, supplying or exporting aircraft via SEZs: filing Bills of Entry or Shipping Bills with IFSC/SEZ endorsements through authorised channels, assessment by the SEZ Authorised Officer on transaction value, designation of the customs airport/port/landing station as place of first receipt, electronic transmission of assessed entries and inspection reports between customs officers and the Authorised Officer, and deemed completion of customs out charge or export upon verification of inspection reports; custody must be maintained by a person approved under section 45 of the Customs Act.
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