Customs extends aircraft/vessel export for repair from 6 months to 1 year. Duty-free re-import period rises from 3 to 5 years.

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Full Text of the Document

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....Notification 38/2024 Customs extends the duration for export of aircraft and vessels imported for maintenance, repair and overhauling from 6 months to 1 year, further extendable by 1 year. Notification 39/2024 Customs increases the time-period for duty-free re-import of goods exported under warranty from 3 years to 5 years, further extendable by 2 years. Notification 31/2024 Customs amends the India-UAE CEPA Tariff notification regarding duty rates on precious metals.....