Ministry of Civil Aviation delegates power to grant initial NOC/ In-principle approval for import or acquisition of aircrafts to DGCA

The Ministry of Civil Aviation has decided to delegate the power to grant initial NOC/ In-principle approval for import or acquisition of aircrafts to the Directorate General of Civil Aviation (DGCA). As per the existing procedure, Scheduled Operators and Regional Scheduled Operators have to seek such approval from the Ministry of Civil Aviation. The delegation of power is being done in order to simplify procedures as compliance of various Civil Aviation Requirements (CAR) are regulated by the DGCA.

The Ministry of Civil Aviation had requested Director General of Foreign Trade and Reserve Bank of India to amend their existing notification and Master Circular respectively in this regard. Accordingly, DGFT vide notification no. 24/2015-2020 dated 9th October, 2015 and Reserve Bank of India vide its Master Circular no. 30 dated 26th November, 2015 have carried out the requisite amendments. DGCA has now been requested to make necessary amendment in the related CAR/Rules in accordance with it.

 

After effecting the requisite changes by DGCA, the Scheduled Operators/Regional Scheduled Operators need not approach the Ministry of Civil Aviation for initial NOC/In-principle approval for import/acquisition of aircrafts.

Powered by Capital Market - Live News