Duty draw back on hydro power project
This query is : Resolved
Priyanka gupta
(Querist)
11 January 2013
please clarify the scheme of duty drawback on hydro power projects and its procedure..
RAMESH KUMAR VERMA
(Expert)
12 January 2013
Deemed Exports:
Supplies to following projects are considered as deemed exports and they get the benefits as follows:
Power Projects /Refineries
Power Projects where International Competitive Bidding procedures have been followed at the IPP or at EPC stage can get the benefit of Deemed Exports for their domestic procurement. The benefits could be in the form of Advance Authorization, or Duty drawback on the inputs. The benefits can be availed by the Contractor/Sub-contractors or other suppliers. In addition the Mega Power Projects can get the benefits of excise duty refunds exemption or refunds also. The benefits can be taken by the suppliers or the Project owners themselves.
READ LINK:
https://www.ieport.com/Customs_manual/customs-manual-2012%2822%29.PDF
Supplies to following projects are considered as deemed exports and they get the benefits as follows:
Power Projects /Refineries
Power Projects where International Competitive Bidding procedures have been followed at the IPP or at EPC stage can get the benefit of Deemed Exports for their domestic procurement. The benefits could be in the form of Advance Authorization, or Duty drawback on the inputs. The benefits can be availed by the Contractor/Sub-contractors or other suppliers. In addition the Mega Power Projects can get the benefits of excise duty refunds exemption or refunds also. The benefits can be taken by the suppliers or the Project owners themselves.
READ LINK:
https://www.ieport.com/Customs_manual/customs-manual-2012%2822%29.PDF
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