StandardAero announced that its components business in Cincinnati, Ohio, has been designated a foreign trade zone. FTZs are sites approved by the Foreign Trade Zone Board where imported goods can be stored or processed with duty-free treatment on items that are re-exported or where duty payment can be deferred.
India’s Directorate of Revenue Intelligence has slapped a $3.3 million penalty and fine on New Delhi-based Bharat Hotels for not paying customs duty on the Embraer Legacy 600 it imported for charter services in 2009.
Business aircraft passengers and crews are facing fines and delays after inadvertently falling afoul of French Customs regulations on currency. According to FBOs at Paris Le Bourget Airport, customs officers there are rigidly enforcing the requirement to declare currency in excess of £7,622 ($8,239) when arriving in or departing from France.