https://www.taxtmi.com/notifications?id=1176 Exemption of customs duty on aircraft parts imported under the Standard Exchange Scheme is limited to duty exceeding what would be leviable if the parts' value were taken as the Standard Exchange Cost plus insurance and freight both ways. The exemption applies only where parts are repaired or overhauled (not new); a registered Standard Exchange Agreement exists; the exporter is registered; the Standard Exchange Cost is final; no drawback is claimed; and importer produces exporter certificates confirming supply from a pool of repaired or overhauled parts and finality of the Standard Exchange Cost. en-us Tue, 01 Mar 1994 00:00:00 +0530 Tue, 01 Mar 2016 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=1176 Exemption of customs duty on aircraft parts imported under the Standard Exchange Scheme is limited to duty exceeding what would be leviable if the parts' value were taken as the Standard Exchange Cost plus insurance and freight both ways. The exemption applies only where parts are repaired or overhauled (not new); a registered Standard Exchange Agreement exists; the exporter is registered; the Standard Exchange Cost is final; no drawback is claimed; and importer produces exporter certificates confirming supply from a pool of repaired or overhauled parts and finality of the Standard Exchange Cost. Notifications Customs Tue, 01 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/notifications?id=1176