Govt exempts duty on re-import of catering cabin equipment, food, drink by airlines
The Dollar Business Bureau
The Government has exempted the whole of customs duty on the re-imports of catering cabin equipment, food and drink by the aircrafts of the Indian Airlines Corporation. However, the exemption is applicable on goods which were not taken on board at any foreign port or place, the notification clearly stated.
“The Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts, the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the integrated tax leviable thereon under subsection (7) of section 3 of the said Customs Tariff Act, catering cabin equipment and food and drink on re-importation by the aircrafts of the Indian Airlines Corporation from foreign flights,” the Finance Ministry said in a notification (No. 48/2017 – Customs) on Friday.
However, the exemption is applicable on goods which were not taken on board at any foreign port or place, the notification clearly stated.
It is also provided that the exemption is applicable if the Indian Airlines Corporation executes an undertaking with the Chief Customs Officer concerned to abide by the conditions as may be laid down by such Customs Officer for segregating the goods from other goods lifted abroad, payment of duty on the latter category of goods, and maintenance and scrutiny of records.
The notification shall be applicable with effect from July 1, 2017.