TaxTMI 
TaxTMI 
Aero India - 2025 at Air Force Station, Yelahanka Bengaluru from 10.022025 to 14.02.2025
X X X X Extracts X X X X
X X X X Extracts X X X X
....ndia 2025, is being held at the Air Force Station, Yelahanka, Bengaluru from 10.2.2015 to 14.02.2025. The Board vide letter F.No. 520/06/2016-Cus - VI(Pt 1) dated 13.11.2024, granted special permission under section 29(1) of Customs Act 1962 for providing all customs clearance facilitation support from 20.01.2025 to 28.02.2025 at Air Force Station, Yelahanka. Bengaluru for the Aero India 2025, subject to observance of relevant Rules, Regulations and procedures prescribed under the law 2. In this regard, relevant rules, regulations and procedures to be followed are mentioned herein below in brief for ready reference. For detailed information, the website of Central Board of Indirect Taxes, New Delhi, www.cbic.gov.in may be visited. 2.1....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of exhibition is exempted from payment of Customs duties either under ATA Carnet (Customs tariff Notification no 157/90 dated 28/3/1990 as amended) or under Customs Tariff Notification No 8/2016 dated 05/02/2016 as amended vide Notification No. 4/2019-Customs dated 07.02.2019 on fulfilment of conditions prescribed under the respective Notifications. Such importation of aircrafts. for the purpose of participation in Aero India 2025, the Importer shall not be required to furnish a bank guarantee or cash deposit as per Notification No. 04/2019-Customs dated 07.022019. However, Bill of Entry and Bond as stipulated in the Notification 08/2016 will be required to be filed with the proper officer for the clearance of the aircraft. 2.3 Cle....
X X X X Extracts X X X X
X X X X Extracts X X X X
....oods imported for display or use at any specified event in respect of imported goods subject to the conditions mentioned in Notification No. 8/2016 - Cus dated 05-02-2016 as amended. Aero India 2025, organized by the Central Government, is listed under Sl. No. 6 of Schedule II of the said notification. The notification requires that the importer shall execute a bond equal to the value of the goods along with a bank guarantee or cash deposit equal to 110% of the duty that would be payable on the goods but for the exemption contained therein. It is further provided that in the Case of temporary importation of aircrafts, for the purposes of participation in Aero India Show organized by the Central Government, the importer shall not be required....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Exhibition Aero India -2025, the Bill of Entry for customs clearance of goods shall be filed manually before the proper officer posted at Air Force Station, Yelahanka. 2.6. Examination of the goods / Value appraisal: The goods imported for exhibition is subject to open examination at the time of importation. Also, the Value of the goods is subject to appraisal for fair value if there is no Commercial value/transaction value. The description of the goods, marks and numbers shall be verified under open examination. This is also required for establishing identity of goods at the time of re-export of the same. After examination, manual Out-of-Charge will be given by the proper officer pending which goods shall not be used or cleared for the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ment, examination and export transshipment procedure as per provisions of Customs Act 1962, Identification of goods, not being re-exported, will be carried out by correlating with the import documents for the collection of applicable customs duly, cess etc. Upon completion of the exhibition, a report will be submitted constituting the list of goods, Bill of Entry/IGM-wise to facilitate the cancellation of bonds and bank guarantees, wherever applicable. 2.9. Filing of Export General Manifest at the time of departure of aircrafts from Air Force Station, Yelahanka: At the time of departure of aircraft, after the completion of the exhibition, the authorized agent or the Pilot-in-Command shall file an Export General Manifest in terms of provi....