Customs exemption rates cap payable duty on project imports, prescribing distinct rates for fertiliser, power and industrial projects. The Central Government caps customs duty on imports of goods for plants or projects under the designated tariff heading by exempting the portion of duty in excess of specified rates: nil for fertiliser projects, 20% ad valorem for power projects (including gas turbine projects), and 25% ad valorem for other industrial projects. The notification preserves other existing exemptions and excludes captive power plants set up by projects whose primary activity is not power generation from the definition of power projects.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption rates cap payable duty on project imports, prescribing distinct rates for fertiliser, power and industrial projects.
The Central Government caps customs duty on imports of goods for plants or projects under the designated tariff heading by exempting the portion of duty in excess of specified rates: nil for fertiliser projects, 20% ad valorem for power projects (including gas turbine projects), and 25% ad valorem for other industrial projects. The notification preserves other existing exemptions and excludes captive power plants set up by projects whose primary activity is not power generation from the definition of power projects.
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