Customs exemption for aircraft salvage imports: duty waived if goods are exported within the allowed period. Goods imported into India for search, rescue, investigation, repairs or salvage of a damaged aircraft are exempt from the whole of customs duty in the First Schedule to the Customs Tariff Act and from the whole of additional duty under section 3 of that Act, provided such goods are exported not later than three months from importation or such extended period as the Collector of Customs allows; covered goods include aircraft, tools, spare parts and any other necessary equipment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs exemption for aircraft salvage imports: duty waived if goods are exported within the allowed period.
Goods imported into India for search, rescue, investigation, repairs or salvage of a damaged aircraft are exempt from the whole of customs duty in the First Schedule to the Customs Tariff Act and from the whole of additional duty under section 3 of that Act, provided such goods are exported not later than three months from importation or such extended period as the Collector of Customs allows; covered goods include aircraft, tools, spare parts and any other necessary equipment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
