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TMI Blog14th International Exhibition – Aero India 2023 at Air Force Station, Yelahanka Bengaluru from 13th February to 17th February 2023 – Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... 2023, is being held at the Air Force Station, Yelahanka, Bengaluru from the 13th February to 17th February 2023. The Board vide letter F.No.520/06/2016-Cus VI(Pt 1) dated 17.12.2022, has granted permission as a special case for the purpose of Customs clearance of Aero India 2023 from 20th January 2023 to 10th March 2023 at Air Force Station, Yelahanka, Bengaluru subject to observance of relevant Rules, Regulations and procedures prescribed under the law. 2. In this regard, relevant Rules, Regulations and procedures to be followed are mentioned herein below in brief for ready reference. For detailed information, the website of Central Board of Indirect Taxes, New Delhi, www.cbic.gov.in may be visited. 2.1. Filing of Import General ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n. Temporary importation for purpose of exhibition is exempted from payment of Customs duties either under ATA Carnet (Customs tariff Notification No 157/90 dated 28/3/1990 as amended) or under Customs Tariff Notification No 8/2016 dated 05/02/2016 as amended vide Notification No.4/2019-Customs dated 07.02.2019 on fulfillment of conditions prescribed under the respective Notifications. It is informed that in case of temporary importation of aircrafts, for the purpose of participation in Aero India 2023, organized by the Central Government, the Importer shall not be required to furnish a bank guarantee or cash deposit as per Notification No. 04/2019-Customs dated 07.02.2019. However, Bill of Entry and bond as stipulated in the Notification 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in the link:- www.cbic.gov.in ) Exemption to specified goods imported for display or use at any specified event in respect of imported goods from payment of Customs duty subject to the conditions mentioned in Notification No. 8/2016 Cus dated 05-02-2016 as amended. Attention is invited to Schedule II for Events specified under the Notification. Under Sl.No.6 of Schedule II, Aero India 2023, organized by the Central Government is specified under the said Notification. The Notification requires that the importer shall execute a bond equal to the value of the goods along with a bank guarantee or cash deposit equal to 110% of the duty that would be payable on the goods but for the exemption contained therein. It is further provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stoms Port and pertaining to special circumstances of the 14th International Exhibition Aero India -2023, the Bill of Entry for Customs Clearance of goods shall be filed manually before the Proper Officer posted at Air Force Station, Yelahanka. 2.6. Furnishing of Bond / Bank Guarantee as applicable: Notification No.8/2016 Cus dated 05-02-2016 prescribes that importer shall execute a bond equal to the value of the goods along with a bank guarantee or cash deposit equal to 110% of the duty that would be payable on the goods but for the exemption contained therein. However, no bank guarantee/ cash deposit is required to be furnished in terms of Notification No.4/2019-Customs dated 7.2.2019 in the case of temporary importation of air ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ods imported at Air Cargo Complex (ACC), Bengaluru and Inland Container Depot (ICD), Whitefield, Bengaluru will be moved following the Transshipment procedure as envisaged under Chapter VIII of the Customs Act, 1962 to the Air Force Station, Yelahanka. The goods will be escorted by the Inspectors to various places meant for the exhibition. Containerized Cargo from ICD, Whitefield will also be moved under the transshipment procedure with One Time Seal without being escorted. Transshipment procedure will be completed by forwarding the transshipment applications duly signed by Superintendent/Inspectors for the receipt of the Cargo by trucks/containers to ICD and ACC. 2.9. Re-Export of Goods and Cancellation of Bond/Bank Guarantee: Exh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 023, the said manifest shall be filed manually before the Proper Officer posted at Air Force Station, Yelahanka. 2.11. Customs Duty on Aviation Turbine Fuel (ATF): Payment of Customs Duties on Aviation Turbine Fuel is exempted under Notification No.8/2016 Cus dated 05.02.2016 vide Sl.No.7 of Schedule I subject to fulfillment of conditions. However, Aviation Turbine Fuel will attract Customs Duty in case the Foreign Aircraft undertakes journey to any domestic Airport from Air Force Station, Yelahanka. Ground Handling Agency/Clearing Agency are required to record the (i) Initial Fuel Reading, (ii) Final Fuel Reading in the presence of the Customs Officer. Reading on Re-filling of Aviation Turbine Fuel to the Aircrafts is also requi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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