Proportionate release of securities for provisional mega power projects allowed per proportional mega power certificate, subject to departmental implementation. Authorisation for proportional release of Fixed Deposit Receipts or Bank Guarantees held as security for provisional mega power projects where a Mega Power Certificate (Proportional) has been issued by the Joint Secretary, Ministry of Power; jurisdictional Deputy Commissioners or Assistant Commissioners of Central Excise are directed to release such securities in proportion to the certificate and field formations must take action to implement this directive.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proportionate release of securities for provisional mega power projects allowed per proportional mega power certificate, subject to departmental implementation.
Authorisation for proportional release of Fixed Deposit Receipts or Bank Guarantees held as security for provisional mega power projects where a Mega Power Certificate (Proportional) has been issued by the Joint Secretary, Ministry of Power; jurisdictional Deputy Commissioners or Assistant Commissioners of Central Excise are directed to release such securities in proportion to the certificate and field formations must take action to implement this directive.
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