No DGFT Licence for Import of Aircraft
GOVERNMENT has amended Policy condition 1 (e) of Chapter 88 of ITC (HS), 2012 - Schedule-1 (Import Policy) to provide for exemption from DGFT licence for persons who have been granted permission to operate air transport services by Ministry of Civil Aviation and the DGCA has granted permission to import aircraft on that basis.
DGFT Notification No. 10/2015-2020., Dated: June 20 2016