Imports for modernisation of power plant - Amendment to Notification No. 86/93-C.E. - 15/96 - Customs -Tariff

Imports for modernisation of power plant - Amendment to Notification No. 86/93-C.E. Notification No. 15/96-Cus. Dated 23-2-1996 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 86/93-Customs, dated the 28th February, 1993, namely :- In the said notification, for the conditions (i), (ii) and (iii) the following conditions shall be substituted, namely :- "(i) In the case of said power plant (except the nuclear power plant), an officer not below the rank of Director in the Central Electricity Authority certifies that the scheme for renovation or modernisation, as the case may be, of such power plant, has been granted techno-economic clearance by the said authority and an officer not below the rank of a Deputy Secretary in the Department of Power recommends, in each case, the grant of the aforesaid exemption to the said goods for such scheme; (ii) In the case of nuclear power plant, an officer not below the rank of a Deputy Secretary in the Department of Atomic Energy certifies that the said power plant has been granted techno-economic clearance and recommends the grant of the aforesaid exemption to said goods for such scheme; and (iii) In each case mentioned in condition (i) or (ii) above, the importer furnishes an undertaking to the Assistant Commissioner of Customs to the effect that the said goods shall be used for the purpose specified above and in the event of his failure to use the goods in the manner specified above, he shall be liable to pay an amount equal to the duty leviable on the said goods but for the exemption contained therein."