Exemption to specified machinery and equipments for generation of electrical power - 208/88 - Customs -Tariff

Exemption to specified machinery and equipments for generation of electrical power Notification No. 208/88-Cus. Dated 29-6-1988 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 exempts the goods specified in column (2) of the Table hereto annexed when imported into India for the generation of electrical power for captive use by an industrial plant, from so much of that portion of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table and the whole of the additional duty leviable thereon under Section 3 of the said Customs Tariff Act, subject to the condition that at the time of clearance, the importer produces a certificate from an officer duly authorised in this behalf by the Director General of Technical Development of the Government of India in the Ministry of Industry or by the Director or Commissioner of Industries of the State Government concerned, in the case of firms which are classified as falling in the small scale sector or by any other sponsoring authority concerned referred to in the Project Imports Regulation, 1986, as the case may be, to the effect that the goods in respect of which the exemption under this notification is claimed are required for the purpose specified above and also recommending the grant of the above exemption. THE TABLE Sl. No. Description of goods Rate of duty (1) (2) (3) 1. Machinery and Equipments for generation of electrical power (including generating sets) of capacity 2.5 MW and above, but not exceeding 50 MW. 35% ad valorem 2. Machinery and Equipments for generation of electrical power (including generating sets) of capacity exceeding 50 MW. 25% ad valorem Provided that nothing contained in this notification shall apply, - (1) to generating sets using fuel other than Low Sulphur Heavy Stock or Heavy Petroleum Stock; and (2) to goods imported as project imports falling under Heading 98.01 of the said Customs Tariff Act. Explanation.- For the purposes of this notification the expression "industrial plant" has the same meaning as is assigned to it in the said Project Imports Regulations. 2. This notification shall be valid upto and inclusive of the 31st day of March, 1989.