BUDGET - BMR Advisors

Thus, the impact of customs duty on Helicopter simulatorsreduced from 14.71 percent to nil.• Effective customs duty on import of goods, which qualify as‘parts of aircraft’, if imported for servicing of an aircraft– BCD remains at nil– CVD remains at nil– ACD remains at nilThus, the effective rate of customs duty on import of goodswhich qualify as "parts of aircraft" for servicing of an aircraftremains nil.• Effective customs duty on import of goods, which qualify as‘parts of aircraft’ for trading– BCD remains at 3 percent– CVD reduced from 16 percent to 14 percent– ACD remains at 4 percentThus, the effective rate of customs duty on import of goodswhich qualify as “parts of aircraft” for trading reduced from 25.40percent to 23.12 percent.• Ground equipment imported for testing of satellites andpayloads fully exempt from basic customs duty• Impact of customs duty on import of ground equipment fortesting of satellites and payloads– BCD reduced from 10 percent to nil– CVD reduced from 16 percent to nil– ACD reduced from 4 percent to nilThus, ground equipment for testing of satellites and payloadsreduced from 34.13 percent to nil• Import of goods for airport development projects becomescheaper• Impact of customs duty on import of goods for airportdevelopment projects– BCD reduced from 7.5 percent to 5 percent– CVD reduced from 16 percent to 14 percent– ACD remains at 4 percent66indiaBUDGET2008