8.6.6

The supply of capital goods and spares upto 10% of the FOR value of the capital goods to the power projects in terms of paragraphs 8.2(g) shall be entitled for deemed export benefits provided the International Competitive Bidding procedures have been followed, at IPP/EPC stage. [OLD - The supply of capital goods and spares upto 10% of the FOR value of the capital goods to the power projects in terms of paragraphs 8.2(g) shall be entitled for deemed export benefits provided the same is certified by the Central Electricity Authority and the International Competitive Bidding procedures have been followed, at IPP stage, for supply of such capital goods to the power projects. ] The domestic supplier shall be eligible for the benefits listed in paragraphs 8.3 (a) and (b) of the Policy. The benefit of deemed exports shall also be available for renovation/ modernisation of power plants, whichever is applicable.

(First sentance of para 8.6.6 has been amended vide PN. No. 44/2003, DT. 28/01/2004)

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