Exemption to goods imported for power projects - 067/87 - Customs -Tariff

Exemption to goods imported for power projects Notification No. 67/87-Cus. Dated 1-3-1987 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. 133/85-Customs, dated the 19th April, 1985, 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 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 that portion 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 specified in the corresponding entry in column (3) of the said Table. THE TABLE Sl. No. Description of goods Rate of duty (1) (2) (3) 1. Power projects (including gas turbine power projects) of capacity 50 Mega Watts and below. 35 per cent. ad valorem . 2. Other power projects (including gas turbine power projects). 25 per cent. ad valorem . Explanation : For the purpose of this notification, the expression "power projects (including gas turbine power projects)" shall mean such projects whose output or end-product is power, but shall not include captive power plants set up by projects engaged in activities other than power generation.