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of <h1>India Amends Customs Notification: LNG Import Duty Adjusted, New Exemptions for Power Generation with Conditions</h1> The Government of India has issued Notification No. 25/2013-Customs to amend Notification No. 12/2012-Customs, dated 17th March 2012. The amendments include the insertion of a new serial number 139A, which exempts liquefied natural gas and natural gas imported by specified companies for generating electrical energy, provided it is not used by captive generating plants. Several tariff entries have been adjusted, with some customs duties changed to 7.5% and 2.5%. A new condition requires importers to furnish a bank guarantee and provide certification of energy generation to avail the exemption.
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