Power projects can avail of duty exemption before mega tag

To accelerate construction of power projects and bridge the widening energy deficit, the power ministry has allowed duty-exempted import of equipment by these developers on the basis of a provisional certificate.

According to the ministry’s revised guidelines, a provisional mega power project certificate would be considered where the developer has signed contracts with manufacturers for supply of equipment required for the project and paid not less than 10 per cent advance.

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