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January 2016

A. P. (DIR Series) Circular No. 30 dated 26th November, 2015

By Gaurang Gandhi

Reading Time 1 mins

Advance Remittance for Import of aircrafts / helicopters / other aviation related purchases

This circular states that, requisite approval of DGCA only is required for making advance remittance without bank guarantee or an unconditional, irrevocable standby letter of credit up to US $ 50 million for import of aircrafts / helicopters by a company for operating Scheduled or Non-Scheduled Air Transport Services (including Air Taxi Services). Thus, the approval from Ministry of Civil Aviation is no longer required to be obtained.

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January 2016

A. P. (DIR Series) Circular No. 30 dated 26th November, 2015

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January 2016

A. P. (DIR Series) Circular No. 30 dated 26th November, 2015

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You May Also Like

[2015] 63 taxmann.com 317 (SC) CCE vs. Otto Bilz (India) Pvt. Ltd.

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