October 12, 2024 12:34 (IST)
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Govt permits 100% FDI via automatic route for aircraft maintenance, repair and overhaul

Govt permits 100% FDI via automatic route for aircraft maintenance, repair and overhaul

New Delhi: In a major boost to the domestic MRO industry and to the aviation sector, the Centre has announced a uniform rate of 5% IGST on imports of parts components, testing equipment, tools and tool-kits of aircraft, irrespective of their HSN classification subject to specified conditions.