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.