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Budget 2011-2012- Customs - Aircraft:

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..... Budget 2011-2012- Customs - Aircraft: - News and Press Release Dated:- 28-2-2011 - News - 9.1 Full exemption from import duty (basic, CVD and special CVD) was hitherto available to import of air .....

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..... craft by non-scheduled operators whether for passenger services or chartered services. This exemption was subjected to certain conditions including the condition that the aircraft should be used exclu .....

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..... sively for charter or passenger services. The exemption from basic customs duty has been withdrawn on such imports and a basic duty of 2.5% has been imposed. The exemptions from CVD and special CVD ha .....

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..... ve been retained. The conditions of the exemption have also been amended so as to allow the aircraft to be used interchangeably between passenger and charter services in consonance with the Civil Avia .....

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..... tion Requirements. 9.2 Exemption from education cess and secondary and higher education cess presently available to aircrafts is being withdrawn. - News - Press release - PIB Tax Management Indi .....

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..... a - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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