Mega Power Project exemption: goods for qualifying large thermal or hydel plants allowed duty-free subject to certification. Amendment inserts a new Customs tariff entry granting a duty exemption for goods imported for setting up specified Mega Power Projects, applicable to inter-state thermal projects of 1500 MW or more and inter-state hydel projects of 500 MW or more, certified by an officer not below Joint Secretary in the Ministry of Power, and conditioned on state regulatory, privatization and recourse-to-Central-Plan requirements; it prescribes certification requirements for CPSU and private project imports and appends List 33 of eligible projects.
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Mega Power Project exemption: goods for qualifying large thermal or hydel plants allowed duty-free subject to certification.
Amendment inserts a new Customs tariff entry granting a duty exemption for goods imported for setting up specified Mega Power Projects, applicable to inter-state thermal projects of 1500 MW or more and inter-state hydel projects of 500 MW or more, certified by an officer not below Joint Secretary in the Ministry of Power, and conditioned on state regulatory, privatization and recourse-to-Central-Plan requirements; it prescribes certification requirements for CPSU and private project imports and appends List 33 of eligible projects.
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