Amendment in Policy Condition No. 1 of Chapter 88 of ITC (HS) 2017, Schedule-I (Import Policy)

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..... Amendment in Policy Condition No. 1 of Chapter 88 of ITC (HS) 2017, Schedule-I (Import Policy) -regarding S.O. 3560(E) .-In exercise of powers conferred by Section 3 and Section 5 of FT (D R) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020 , as amended from time to time, the Central Government, hereby amends Policy Condition 1 of Chapter 88 I .....

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..... permission to import aircraft/ helicopter for operating such air transport services. 1. Aircraft and Helicopters (including used/second hand aircraft and helicopters) may be imported by the following without the need to obtain an import license from Directorate General of Foreign Trade. (a) Air India (b) Pawan Hans Limited (c) Airports Authority of India (d) Indira .....

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..... (e) of Policy Condition 1 is revised and is now part (f) in the revised Policy condition due to amendment in Rule 134B of Aircraft Rules, 1937 and doing away of permission by Ministry of Civil Aviation which is as part of measures to reduce transaction cost and for ease of doing business. This issues with the approval of Minister of Commerce Industry. [F. No. 01/89/180/39/AM-11/PC-2(A)/E .....

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