Power projects [Chapter 98] - 116/92 - Customs -Tariff

Power projects [Chapter 98] Notification No. 116/92-Cus. Dated 1-3-1992 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 67/87-Customs, dated the 1st March, 1987, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (2) of the Table hereto annexed and falling under heading No. 98.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much of the duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the amount calculated at the rate of 30% ad valorem . TABLE S. No. Description of goods (1) (2) 1. Power projects (including gas turbine power projects) 2. Coal-mining projects 3. Projects for refining of crude petroleum Explanation. - For the purposes of this notification, the term 'Power projects (including gas turbine power projects)' shall not include Captive Power plants set up by projects engaged in activities other than in power generation.