TaxTMI 
TaxTMI 
MEGA POWER PROJECTS (SAY NUCLEAR POWER PROJECTS)enjoy certain concessions. As per Import Export policy (1997-202)domestic contractors supplying goods for these projects under the process of comptetive bidding shall be eligible for benefits of 'Deemed Export' which include refund of terminal excise duty vide notifications no.42(RE-2001)1997-2002 dt.21.12.2001 and 57 (RE-01/1997-2002 dt.21.12.2001)issued by the DGFT. My query is whether a contractor who has supplied goods for construction of one such project at Rajasthan in 2004-05-06, can claim refund of excise duty charged to him by his suppliers on these goods in their bills. If yes, the procedure thereof.
Refund of excise duty
15 Jun 2007 
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Deemed export benefits permit refund of terminal excise duty to contractors supplying mega power projects, subject to eligibility verification.
Domestic contractors supplying goods to mega power projects under competitive bidding may qualify as deemed exports and thereby be eligible for refund or exemption of terminal excise duty, subject to satisfying policy conditions and procedural requirements; claimability requires case-specific factual analysis and supporting documentation. (AI Summary)
Domestic contractors supplying goods to mega power projects under competitive bidding may qualify as deemed exports and thereby be eligible for refund or exemption of terminal excise duty, subject to satisfying policy conditions and procedural requirements; claimability requires case-specific factual analysis and supporting documentation. (AI Summary)