Re-imported aircraft engines and parts exempt from additional duties, but customs duty applies on repair costs.

Re-imported aircraft engines and parts exempt from additional duties, but customs duty applies on repair costs. https://www.taxtmi.com/highlights?id=59858 Claim of benefit of exemption - re-imported air craft engines and parts thereof which were exported for the purposes of repairs/ reconditioning etc. - It is very clear that additional duty, integrated tax, compensation cess are exempted and customs duty would be limited to be taxed on the value of the fair cost of repairs carried out including cost of materials used in repairs, insurance and freight charges. - AT en-us Mon, 27 Sep 2021 16:33:55 +0530 Mon, 27 Sep 2021 16:33:55 +0530 TaxTMI RSS Generator Re-imported aircraft engines and parts exempt from additional duties, but customs duty applies on repair costs. https://www.taxtmi.com/highlights?id=59858 Claim of benefit of exemption - re-imported air craft engines and parts thereof which were exported for the purposes of repairs/ reconditioning etc. - It is very clear that additional duty, integrated tax, compensation cess are exempted and customs duty would be limited to be taxed on the value of the fair cost of repairs carried out including cost of materials used in repairs, insurance and freight charges. - AT Highlights Customs Mon, 27 Sep 2021 16:33:55 +0530 https://www.taxtmi.com/highlights?id=59858