Import Duty Concession for Solar Projects withdrawn by CBIC & New Metro Projects Added

21/10/2022
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Dated: 21.10.2022

Project Import (Amendment) Regulations, 2022

 

The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendment to the Project Imports (Amendment) Regulations, 2022. A notification issued on Wednesday stated that “In the Project Imports Regulations, 1986, in the Table, –

  • against Sr. No. 2, in column 2, for the words “All Power Plants and Transmission Projects”, the words “All Power Plants and Transmission Projects, other than solar power plants or solar power projects,” shall be substituted;
  • against Sr. No. 3, in column 2, for the words, figures and symbols “Power Plants & Transmission Projects other than those mentioned at Sl. No. 2 above.”, the words, figures and symbols “Power Plants and Transmission Projects, other than solar power plants or solar power projects and other than those mentioned at Sr. No. 2 above.” shall be substituted;

For further read please refer to the Customs Notification as given in the download section below.

Source: CBIC, Min of Finance, Govt of India

 

Download Section:

  1. Customs Notification No 54-2022

 

 

Some of Our Major/Reputed Clients:

  1. Winomechanic Pvt Ltd, Chennai
  2. LSML Pvt Ltd, Chennai
  3. Sun Pharmaceutical Limited, Mumbai
  4. Liberty Shoes Limited, Karnal
  5. Grant Instruments India Pvt Ltd, UK & India
  6. Guangzhou Xiongli Battery Co, Ltd, China
  7. Shanutec Shanghai Electronic Technology Co, Ltd, China
  8. Audiophile India Pvt Ltd, Delhi
  9. Viralcurry Digital Pvt Ltd, Delhi
  10. The Plume Cosmetics, Delhi
  11. Emami Limited, Kolkata
  12. Leitner Group Europe

 

In case you still face any issues related to EXIM Policies, Customs procedures, Indirect Tax related compliance procedures and Indirect Tax and Litigation matters then please feel free to get in touch with us at the below given email IDs.

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