Exemption to Raw Materials and Components for Manufacture of Aircrafts for Training Purposes

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..... b-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 raw materials and components (hereinafter referred to as the said goods) required for the manufacture of aircrafts to be used for training purposes when imported into India, from - (a) so much of that portion of the duty .....

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..... ves an undertaking to the effect that the said goods shall be used for the purpose for which they were imported within two years from the date of importation and in the event of his failure to comply with the same, he shall pay on demand an amount equal to the difference between the duty leviable on such goods but for the exemption contained therein and that already paid at the time of importation .....

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