Effective rates for parts of aeroplanes, helicopters etc. required for manufacture or servicing of such aeroplanes, helicopters etc. - 70/94 - Customs -Tariff

Effective rates for parts of aeroplanes, helicopters etc. required for manufacture or servicing of such aeroplanes, helicopters etc. Notification No. 70/94-Cus. Dated 1-3-1994 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all parts of aeroplanes, helicopters, (other than rubber tyres and tubes for aeroplanes) or of simulators of aircrafts, falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), required for manufacture or servicing of such aeroplanes, helicopters or simulators of aircrafts, when imported into India, from, - (a) so much of duty of customs leviable thereon, which is specified in the said First Schedule, as is in excess of the amount calculated at the rate of 3 per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act. Explanation. - For the purpose of this notification, "parts of aeroplanes, helicopters or of simulators of aircrafts" shall include engines, engine parts, wireless transmission apparatus, wireless receivers, iron and steel washers and screws, ball and roller bearings and other parts falling within the First Schedule to the said Customs Tariff Act.