Customs duty cap for power and related projects limits additional import duty above prescribed ad valorem rate for eligible projects. Limits customs duty on imports under tariff heading 98.01 for specified projects by exempting duty in excess of a prescribed ad valorem cap. The concession, issued under statutory power and superseding an earlier notification, applies to power projects (including gas turbine projects), coal-mining projects, and crude petroleum refining projects, and excludes captive power plants set up by non-power-generation undertakings.
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Customs duty cap for power and related projects limits additional import duty above prescribed ad valorem rate for eligible projects.
Limits customs duty on imports under tariff heading 98.01 for specified projects by exempting duty in excess of a prescribed ad valorem cap. The concession, issued under statutory power and superseding an earlier notification, applies to power projects (including gas turbine projects), coal-mining projects, and crude petroleum refining projects, and excludes captive power plants set up by non-power-generation undertakings.
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