Bangalore Aero Show must put Bank Guarantees for Exhibition and Display of Aircraft and Other Imports, Fuel Consumption must Pay Full Duty

[Customs Notification No. 08 dated 9^th March 2012]

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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 3/89-Customs, dated the 9^th January, 1989, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 12 (E), dated the 9^th January, 1989, namely:-

In the said notification,-

(i) in condition (2), in the proviso, in clause (ii), for the word “fuels”, the words “fuels other than aviation turbine fuel consumed during aero show” shall be substituted;

(ii) after paragraph 2, the following paragraph shall be inserted,-

“3. Notwithstanding anything contained in the preceding paragraphs, the exemption contained in this notification shall be available to aviation turbine fuel contained as remnant fuel in the aircraft when they arrive from outside India and which are consumed during an aero show.”;

(iii) in Schedule II, after serial number 5 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-

“6. Aero show organised by the Central Government.”

[F.No.354/345/2011 –TRU]