Customs exemption for LNG imports for power generation, subject to supply documentation, utilisation certificates and corporate guarantee. Exemption for liquefied natural gas (LNG) and natural gas (NG) imported by GAIL for supply as RLNG to generating companies for generating and supplying electricity is inserted (serial 139B) and effective from 1 April 2017. The exemption excludes captive generating plants and requires a self-declaration of quantity at import, production of sale invoices and utilisation certificates within prescribed periods, a GAIL corporate guarantee equal to the duty differential, and an importer undertaking to pay the duty difference with interest if conditions are not met; excess verified quantity permits duty adjustment on future imports.
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 LNG imports for power generation, subject to supply documentation, utilisation certificates and corporate guarantee.
Exemption for liquefied natural gas (LNG) and natural gas (NG) imported by GAIL for supply as RLNG to generating companies for generating and supplying electricity is inserted (serial 139B) and effective from 1 April 2017. The exemption excludes captive generating plants and requires a self-declaration of quantity at import, production of sale invoices and utilisation certificates within prescribed periods, a GAIL corporate guarantee equal to the duty differential, and an importer undertaking to pay the duty difference with interest if conditions are not met; excess verified quantity permits duty adjustment on future imports.
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