[TO
BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (i)]
GOVERNMENT
OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification
No. 38/2017 – Customs
New Delhi, the
30th June, 2017
G.S.R. (E)- - In exercise of the powers conferred by
sub-section (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, 1961, except as respects things done or omitted
to be done before such supersession, the Central Government, on being satisfied
that it is necessary in the public interest so to do, hereby exempts, engines
and parts of aircraft when reimported into India after having been exported,
from the whole of the duty of customs leviable thereon which is specified in
the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the
whole of the integrated tax leviable thereon under sub-section (7) of section 3
of the said Customs Tariff Act, as is in excess of the customs duty payable on
the cost of repair, if any (which includes the charges paid for the material as
well as for labour, insurance and freight) in the following cases, namely:-
(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.
The concession shall be
admissible subject to such conditions and the observance of such procedure as
may be laid down by the Government of India, from time to time.
2 This notification
shall come into force with effect from the 1st day of July, 2017.
[F.No.354/119/2017-TRU]
(Gunjan Kumar Verma)
Under Secretary to the Government of India
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