https://www.taxtmi.com/notifications?id=117727 Exemption for liquefied natural gas (LNG) and natural gas (NG) imported by GAIL for supply as RLNG to generating companies for generating and supplying electricity is inserted (serial 139B) and effective from 1 April 2017. The exemption excludes captive generating plants and requires a self-declaration of quantity at import, production of sale invoices and utilisation certificates within prescribed periods, a GAIL corporate guarantee equal to the duty differential, and an importer undertaking to pay the duty difference with interest if conditions are not met; excess verified quantity permits duty adjustment on future imports. en-us Thu, 07 May 2015 00:00:00 +0530 Fri, 29 May 2015 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117727 Exemption for liquefied natural gas (LNG) and natural gas (NG) imported by GAIL for supply as RLNG to generating companies for generating and supplying electricity is inserted (serial 139B) and effective from 1 April 2017. The exemption excludes captive generating plants and requires a self-declaration of quantity at import, production of sale invoices and utilisation certificates within prescribed periods, a GAIL corporate guarantee equal to the duty differential, and an importer undertaking to pay the duty difference with interest if conditions are not met; excess verified quantity permits duty adjustment on future imports. Notifications Customs Thu, 07 May 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117727