IGST Exemption for Re-Imported Aircraft Parts After Repair: Pay Only Basic Customs Duty, No Integrated Tax or Cess.

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Full Text of the Document

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....Availability of IGST exemption - aircrafts and parts thereof that are re-imported into India after repairs - The inevitable conclusion that follows from the aforesaid discussion is that the absence of mention of integrated tax and compensation cess in column (3) under serial no. 2 of the Exemption Notification would mean that only the basic customs duty on the fair cost of repair charges, freight and insurance charges are payable and integrated tax and compensation cess are wholly exempted. - AT....