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of <h1>India Exempts Aircraft Simulator Parts from Excess Customs Duty under Customs Act and Finance Bill 1987</h1> The Central Government, exercising its powers under the Customs Act, 1962, and the Finance Bill, 1987, exempts component parts of simulators for aeroplanes and other aircraft, classified under Chapter 88 of the Customs Tariff Act, 1975, from excess auxiliary customs duty. This exemption applies when these components are imported into India, ensuring that the auxiliary duty levied does not exceed the rate applicable to component parts of aeroplanes or other aircraft, as per the Finance Bill and relevant notifications. This measure is deemed necessary in the public interest.
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