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of <h1>India Exempts Aircraft Simulator Parts from Extra Customs Duty, Superseding Previous Notification No. 127/92-Customs</h1> The Central Government of India has issued Notification No. 195/92-Cus, dated May 14, 1992, under the Customs Act, 1962, and the Finance Act, 1992. This notification exempts component parts of simulators for aeroplanes and other aircraft, classified under Chapter 88 of the Customs Tariff Act, 1975, from the auxiliary customs duty. The exemption applies to the extent that the duty exceeds the rate applicable to component parts of aeroplanes or other aircraft, as specified in the relevant Finance Act and any current notifications. This supersedes the previous notification No. 127/92-Customs dated March 1, 1992.
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