Auxiliary duty exemption on simulator component imports caps customs duty at the aircraft component parts rate. The Central Government exempts component parts of simulators of aeroplanes and other aircrafts falling within Chapter 88 of the First Schedule to the Customs Tariff Act, when imported into India, from so much of the auxiliary duty of customs under the Finance Act as exceeds the amount calculated at the rate of auxiliary duty leviable on component parts of aeroplanes or other aircrafts under the Finance Bill and relevant notifications, thereby capping duty on simulator parts at the aircraft component rate.
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Provisions expressly mentioned in the judgment/order text.
Auxiliary duty exemption on simulator component imports caps customs duty at the aircraft component parts rate.
The Central Government exempts component parts of simulators of aeroplanes and other aircrafts falling within Chapter 88 of the First Schedule to the Customs Tariff Act, when imported into India, from so much of the auxiliary duty of customs under the Finance Act as exceeds the amount calculated at the rate of auxiliary duty leviable on component parts of aeroplanes or other aircrafts under the Finance Bill and relevant notifications, thereby capping duty on simulator parts at the aircraft component rate.
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