Finance Minister Nirmala Sitharaman announced incentives to boost India's aviation and shipping MRO sectors, extending export and re-import time limits for repairs.
Finance Minister Nirmala Sitharaman announced incentives to boost maintenance, repair, and overhaul (MRO) activities in India's aviation and shipping sectors. The budget extends the export period for goods imported for repairs from six months to one year, and the time limit for re-importing goods for repairs under warranty from three to five years. These measures aim to promote domestic MRO and reduce reliance on foreign services.
July 23, 2024
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