DGFT Clarifies EPCG Restriction on Power Plants for Captive
Consumption
[DGFT
Notification No. 35 dated 29th January 2016]
Effect
of this Notification: Import of Capital Goods
is not permitted under EPCG Scheme for generation/transmission of power. It further
clarifies the provision.
Subject:
Amendment in Para 5.01(g) of FTP 2015-2020
In
exercise of the powers conferred by Section 5 of the Foreign Trade (Development
and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade
Policy, 2015-2020, the Central Government hereby makes the following amendments
in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect:
Amendment
in Para 5.01 (g) of FTP 2015-2020
(a). Amended Para 5.01 (g) of FTP 2015-2020 shall
read as under:
(g) Authorization under EPCG Scheme shall
not be issued for import of any Capital Goods for generation/transmission of
power (including Captive plants and Power Generator Sets of any kind) for:
(b). Amended
Para 5.01 (g) (iii) of FTP 2015-2020 shall read as under:
(iii)
Supply of power (energy) in their own unit, and
Full
text of after Amendment (in bold) read as under:
(g) Authorisation under EPCG Scheme shall not be issued
for import of any Capital Goods for
generation/transmission of power (including
Captive
plants and Power Generator Sets of any kind) for
(i) Export of electrical energy (power)
(ii) Supply of electrical energy (power) under deemed
exports
(iii) Supply
of power (energy) in their own unit, and
(iv) Supply/export
of electricity transmission services