Letter from Director (TRU) addressed to all Chief Commissioners DATE 13/09/2005
Customs and excise duty exemption machinery, apparatus and appliances and components, required for initial setting up of a power project using non-conventional materials - clarification regardingNotification Nos. 81/2005- Customs and 33/2005-Central Excise, both dated the 8th September, 2005, have been issued so as to allow concessional customs duty of 5% and full exemption from excise duty, respectively, on machinery, apparatus and appliances and components, required for initial setting up of a power project using specified non-conventional materials. The above exemptions are subject to certification by the Ministry of Non-conventional Energy Sources.
2. Imports of the above-mentioned goods, will also be eligible for exemption from the additional duty of customs (CVD), imposed under section 3 of the Customs Tariff Act, 1975, in view of the above-mentioned excise duty exemption, provided the importer produces the requisite certificate from the Ministry of Non-Conventional Energy Sources.
Yours sincerely,
(R. Saroop)
Director (TRU)
F.No 460/44/2005- Cus.VPresented by eximkey.com