Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects - 20/2017 - Customs -Tariff
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Extension of timelines for mega power projects extends security validity and delays final certificate submission deadlines. Amendment to Condition No.93 of Notification No.12/2012-Customs increases the prescribed terms by substituting the original shorter time references with longer ones, thereby extending the validity of securities in the form of Fixed Deposit Receipts or Bank Guarantees and extending the period within which provisional mega power projects must furnish the final mega power project certificate. The amendment adjusts only these temporal parameters without altering other eligibility criteria or the types of acceptable securities.
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Extension of timelines for mega power projects extends security validity and delays final certificate submission deadlines.
Amendment to Condition No.93 of Notification No.12/2012-Customs increases the prescribed terms by substituting the original shorter time references with longer ones, thereby extending the validity of securities in the form of Fixed Deposit Receipts or Bank Guarantees and extending the period within which provisional mega power projects must furnish the final mega power project certificate. The amendment adjusts only these temporal parameters without altering other eligibility criteria or the types of acceptable securities.
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