Exemption to re-import of engines and parts of aircraft

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....(1) of section 25 of the Customs Act, 1962 (52 of 1962) read with Rule 63 of the Indian Aircraft Rules,1920, ) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.117 dated 13th October, 1961, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1296(E) dated the 13h October, ....

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.... abroad and are re-imported; (2) Engines or certain specified parts sent abroad as a stand-by for replacement of a defective one and subsequently brought back to India in the same condition without being installed on an aircraft; (3) Engines and certain specified parts lent by an Indian company to a foreign company. The concession shall be admissible subject to such conditions and the obs....