Customs exemption for imported liquefied and natural gas allowed when supplied to generating company, subject to security and verification. Exemption permits import of LNG and NG by specified importers for supply to a generating company for generation and supply of electrical energy, excluding captive generating plants, subject to furnishing a bank guarantee equal to the duty difference, producing a post import certificate of utilisation within six months (or allowed extension), and furnishing an undertaking to pay the duty difference with applicable interest on demand.
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.
Customs exemption for imported liquefied and natural gas allowed when supplied to generating company, subject to security and verification.
Exemption permits import of LNG and NG by specified importers for supply to a generating company for generation and supply of electrical energy, excluding captive generating plants, subject to furnishing a bank guarantee equal to the duty difference, producing a post import certificate of utilisation within six months (or allowed extension), and furnishing an undertaking to pay the duty difference with applicable interest on demand.
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