| Date: |
13-10-1961
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| Notification No: |
CUSTOMS Notification No 117/1961
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| Issuing Authority: |
Indian Customs
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| Type: |
Tariff
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| File No: |
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| Subject: |
Valuation of engines and parts of aircraft re-imported after repairs abroad
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|
Valuation of engines and parts of aircraft re-imported after repairs
abroad
Notification
No. 117 dated 13th October 1961
In
exercise of the powers conferred by section 23 of the Sea Customs Act, 1878 (8
of 1878), as in force in India and as applied to the State of Pondicherry, read
with rule 63 of the Indian Aircraft Rules, 1920, the Central Government hereby
exempts engines and parts of aircraft, when re-imported into India or the State
of Pondicherry after having been exported, are exempt from the payment of so
much of the customs duty leviable thereon as is in excess of Customs duty
payable on the cost of repair, if any (which includes the charges paid for the
materials as well as for labour, insurance and freight) in the following cases:-
(1)
Engines and certain specified parts which fail 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.
This
concession will be admissible subject to such conditions and observance of such
procedure as may be laid down by the Government of India from time to time.
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