https://www.taxtmi.com/notifications?id=122787 Amends Condition No.95(a) of Notification No.50/2017-Customs to require importers relying on a provisional Mega Power Project certificate to furnish an FDR or BG from a Scheduled Bank in the name of the President of India for 126 months equal to the duty otherwise payable, payable to the Deputy or Assistant Commissioner of Customs at import; failure to furnish the final certificate within 120 months permits appropriation of the security toward duty. The amendment allows proportionate release of the FDR or BG as per the proportionate Mega certificate issued by the Joint Secretary in the Ministry of Power. en-us Fri, 24 Nov 2017 00:00:00 +0530 Mon, 27 Nov 2017 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=122787 Amends Condition No.95(a) of Notification No.50/2017-Customs to require importers relying on a provisional Mega Power Project certificate to furnish an FDR or BG from a Scheduled Bank in the name of the President of India for 126 months equal to the duty otherwise payable, payable to the Deputy or Assistant Commissioner of Customs at import; failure to furnish the final certificate within 120 months permits appropriation of the security toward duty. The amendment allows proportionate release of the FDR or BG as per the proportionate Mega certificate issued by the Joint Secretary in the Ministry of Power. Notifications Customs Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=122787