Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Renewbale Energy Generation Unit - EOU / SEZ

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....enewbale Energy Generation Unit - EOU / SEZ<br> Query (Issue) Started By: - Ramakrishna Malapaka Dated:- 11-11-2023 Last Reply Date:- 14-11-2023 Customs - Exim - SEZ<br>Got 4 Replies<br>Customs<br>As we all know, the current trend is ...transition to new technologies in power sector for achieving net zero position. One amongst them is making Green molecules such as Hydrogen / ammonia / etc., Makin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g of green molecules is nothing but using of Renewable Energy as a source and produce said items. And this sector has been given much importance and promotional support with many incentive proposals. At the same time setting up of RE unit (such as Wind / Solar / etc.,) in DTA and supply power to Green Molecules manufacturing unit would be a very expensive proposition in terms of levy of very high....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... rates of Indirect taxes i.e., Customs & GST on the capital goods required for the same and duties paid cannot be setoff as no output GST on supply of Electricity. Therefore is it possible for one to setup RE units in EOU/SEZ with duty exemptions and undertake to supply RE power to such Green molecules manufacturing units in EOU/SEZ, since there seems to be no restrictions imposed in Chapter 6 of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... FTP or SEZ Policy, for setting up of a stand alone (non-captive) RE unit as an EOU / SEZ, by undertaking to export offshore or to SEZ or from an EOU to SEZ/EOU/STP,etc and meets positive NFE. For information, currently, some of thermal power generation units already setup in SEZ with duty exemption benefits and supplying to Offshore and also to other SEZs. Reply By Sadanand Bulbule: The Reply: ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Dear Sir According to my unconfirmed sources, the GOI has issued fresh guidelines allowing a power plant, the fiscal exemptions of the Special Economic Zone if it is set up in the &#39;processing&#39; area of the tax-free zone. The norms allow the plants set up in the processing area for captive energy consumption would also stand to benefit. So you need to capture the details from the nearest ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....office of the Development Commissioner, SEZ. Reply By Ramakrishna Malapaka: The Reply: Yes sir, that is for SEZ purpose they have issued power guidelines in 2016 and several amendments made upto 2021, we have already verified that and it seems you too are referreing to the same. A point to note here is... a Standalone power generation unit to be setup on exclusive export basis..so does it mean t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hose power units setup in sez wont be able to supply any surplus / unutilised power to DTA? Secondly, for EOU there is no such restrictions imposed or guidelines were given.. .. May pls. share your expert views.. Reply By Sadanand Bulbule: The Reply: Dear Sir, PFA the following for information and contact the nearest SEZ, Development Commissioner for the present position: INSTRUCTION NO.P.6/....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....3/2006-SEZ (VOL.III) DATED 16-2-2016 Reply By Ramakrishna Malapaka: The Reply: Thank you sir, as mentioned para no. (ii) was amended in Jan- 2019, and allowed stand-alone power generation unit with NFE subject to exclusive export basis. EOU cases no such references / clarifications made. Thanks<br> Discussion Forum - Knowledge Sharing ....