Customs exemption for re-imported aircraft parts covers SEZ-removed components, requiring return to owner without any sale. Introduces a nil-duty exemption for parts and components of aircraft removed during maintenance, repair or overhaul in a Special Economic Zone and brought to any other place in India, defining SEZ by reference to the Special Economic Zones Act. The exemption is listed as a new table entry and existing cross-references are updated. A proviso requires that such goods be returned to the owner of the aircraft without any sale to qualify.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for re-imported aircraft parts covers SEZ-removed components, requiring return to owner without any sale.
Introduces a nil-duty exemption for parts and components of aircraft removed during maintenance, repair or overhaul in a Special Economic Zone and brought to any other place in India, defining SEZ by reference to the Special Economic Zones Act. The exemption is listed as a new table entry and existing cross-references are updated. A proviso requires that such goods be returned to the owner of the aircraft without any sale to qualify.
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