Finmin grants Customs duty & IGST exemption to aircrafts, engines / parts imported on lease

Central Govt. grants exemption from customs duty and Integrated tax on import of 'aircrafts, aircraft engines and other aircraft parts' on lease basis, as contemplated under clause 1(b) or clause 5(f) of Schedule II of CGST Act; Said exemption shall be subject to various conditions such as execution of bond binding himself to pay integrated tax on supply of service, not to sell or part with imported goods without pri...