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of <h1>India Cuts Customs Duty to 3% on Helicopters, Engines, and Parts under Customs Act, 1962; Effective March 1992</h1> The Central Government of India, under the Customs Act, 1962, has issued an exemption notification for helicopters and related parts, including engines and rubber tyres and tubes, as specified in Chapters 40 and 88 of the Customs Tariff Act, 1975. This notification, effective from March 1, 1992, reduces the customs duty on these items to 3% ad valorem when imported into India. This measure is taken in the public interest to facilitate the importation of helicopter components by reducing the applicable customs duties.
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