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        Customs

        Seeks to amend notification no. 50/2017-Customs dated 30.06.207 extending the time period for furnishing the final Mega power project certificate from 120 months to 156 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 126 months to 162 months, in case of provisional mega power projects - 31/2022 - Customs -Tariff

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        Extension of security validity and certificate furnishing period for provisional mega power projects; regulatory timelines lengthened. Amendment lengthens specified regulatory timelines in Condition No. 95, clause (ii)(a) of the ANNEXURE to Notification No. 50/2017-Customs by substituting the prior durations with extended durations, thereby extending the validity period of security in the form of Fixed Deposit Receipt or Bank Guarantee and separately extending the period allowed for furnishing the final Mega power project certificate for provisional mega power projects.
                      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.

                            Extension of security validity and certificate furnishing period for provisional mega power projects; regulatory timelines lengthened.

                            Amendment lengthens specified regulatory timelines in Condition No. 95, clause (ii)(a) of the ANNEXURE to Notification No. 50/2017-Customs by substituting the prior durations with extended durations, thereby extending the validity period of security in the form of Fixed Deposit Receipt or Bank Guarantee and separately extending the period allowed for furnishing the final Mega power project certificate for provisional mega power projects.


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