Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2001 (3) TMI 1005

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... non-conventional energy resources as a measure of development through wind mills. The Wind Energy Sector enjoys the package of incentives as under: (i) Concessions under income-tax. (ii) Exemptions from Customs and Central excise duties. (iii) IREDA (Indian Renewable Energy Development Agency Ltd.), the corporate financing arm of MNES (Ministry of Nonconventional Energy Sources) provides finance at concessional rate of interest to wind mill projects. (iv) The State Government offering exemptions under the provisions of sales tax. (v) Entrepreneur being provided special incentives in their huge investment made in wind farm project. (vi) Wind mill projects are integrated with State Electricity Grid and utilities have establishe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Government company should not provide any loan at concessional rate of interest for machines which have not undergo the mandatory trial run of five years. (d) Customs or Central excise duty exemptions should not be provided for untested unproven machines in India. 3.. The petitioner No. 1 had earlier approached this Court by filing Writ Petition No. 892(MB) of 2000 alleging that defective machines are being dumped in India in the name of international market as a result of which the India has become dumping ground for such foreign machines. For purchase of such machines a lot of incentives, concessions and amenities are being provided to the Indian businessmen which are being misused by them. 4.. This Court by its judgment dated F .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Government has already initiated anti dumping investigation against imports of industrial chemical-phosphoric acid from China and the Director-General of Anti Dumping and Allied Duties under the Ministry of Commerce and Industry has been entrusted to conduct the investigation with regard to existence, degree and effect of alleged dumping of subject goods from China. 7.. Similarly we provide that it is open for the Government of India to probe into anti-dumping of foreign machines and then decide the representation of the petitioner expeditiously within a period of six weeks from the date a certified copy of this order is served upon the authorities concerned. Till the disposal of the representation no incentive/concession as referred to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates