Mega Power Projects – Validity Period of BG Extended to 10 Years
from 5.5 Years
[Customs
Notification No. 20 dated 16th May 2017]
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 makes the following
further amendments in the notification of the Government of India in the
Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated the 17th
March,2012, published in the Gazette of India, Extraordinary, Part II, Section
3, Sub-section (i),vide number G.S.R.185(E), dated the 17th March,2012,
namely:-
In
the said notification, in the ANNEXURE, in Condition No.93, under heading
“Conditions”, in clause (ii), in sub-clause (a),-
(i) for the
words “a term of sixty six months”, the words “a term of one hundred and
twenty-six months” shall be substituted; and
(ii) for the
words “within a period of sixty months”, the words “with in a period of one
hundred and twenty months” shall be substituted.
[F.No.354/94/2011-TRU(Pt-1)]
[Excise Notification No. 08 dated 16th May
2017]
In
exercise of the powers conferred by sub-section (1) of section 5A of the
Central Excise Act, 1944 (1 of 1944), the Central Government on being satisfied
that it is necessary in the public interest so to do, hereby makes the
following further amendments in the notification of the Government of India in
the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise,
dated the 17th March, 2012, published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i), vide number G.S.R. 163(E), dated the 17th
March, 2012, namely:-
In
the said notification, in the ANNEXURE, in Condition No.43, under heading
“Conditions”, in clause (b),-
(i) for the
words “a term of sixty six months”, the words “a term of one hundred and
twenty-six months” shall be substituted; and
(ii) for the
words “within a period of sixty months”, the words “with in a period of one
hundred and twenty months” shall be substituted.
[F.No.354/94/2011-TRU(Pt-1)]