Deemed export benefits available for supplies to specified power projects as if World Bank financed; repayment required if loan fails. Supply of goods to the Talcher II, Talcher II Transmission and Sasaram HVDC projects shall attract deemed export benefits as if financed by the World Bank, confirmed after consultation with the Ministry of Finance; if World Bank financing fails to materialize, the Power Grid Corporation must return the cash equivalent of deemed export benefits availed by suppliers.
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Provisions expressly mentioned in the judgment/order text.
Deemed export benefits available for supplies to specified power projects as if World Bank financed; repayment required if loan fails.
Supply of goods to the Talcher II, Talcher II Transmission and Sasaram HVDC projects shall attract deemed export benefits as if financed by the World Bank, confirmed after consultation with the Ministry of Finance; if World Bank financing fails to materialize, the Power Grid Corporation must return the cash equivalent of deemed export benefits availed by suppliers.
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