Plastic
Polymers Duty Up by 2.5% to 7.5%
Steel Scrap and
Aluminium Scrap Duty Hiked 2.5%
Zero Duty on LNG
and NG Import for Electrical Energy Generation
[Customs
Notification No. 25 dated 8th May 2013]
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, vide number
G.S.R. 185(E), dated the 17th March, 2012, namely:-
In
the said notification,-
(a) in the
Table,-
(i) after serial
number 139 and the entries relating thereto, the following serial number and
the entries shall be inserted, namely:-
|
“139
A |
2711
11 00, 2711
21 00 |
Liquefied
natural gas (LNG) and natural gas when imported by Gail NTPC JV or Petronet
LNG Ltd. for supply to a generating company as defined in section 2(28) of
the Electricity Act, 2003 (36 of 2003) to supply electrical energy or to
engage in the business of supplying electrical energy, for generation of
electrical energy: Provided
that
the exemption shall not be available if such liquefied natural gas (LNG) and
natural gas (NG), is used for generation of electrical energy by captive
generating plant as defined in section 2(8) of the Electricity Act, 2003 (36
of 2003)”. |
Nil
|
-
|
100
|
(ii) against
serial number 150, for the entry in column (2), the entries “28 (except 2823 00
10)” shall be substituted;
(iii) against
serial number 231, for the entry in column (4), the entry “7.5%” shall be
substituted;
(iv) against
serial number 237, for the entry in column (4), the entry “7.5%” shall be
substituted;
(v) against
serial number 238, for the entry in column (4), the entry “7.5%” shall be
substituted;
(vi) against
serial number 239, for the entry in column (4), the entry “7.5%” shall be
substituted;
(vii) against
serial number 240, for the entry in column (4), the entry “7.5%” shall be
substituted;
(viii) against
serial number 332, for the entry in column (4), the entry “2.5%” shall be
substituted;
(ix) against
serial number 333, for the entry in column (4), the entry “2.5%” shall be
substituted;
(x) against
serial number 338, for the entry in column (4), the entry “2.5%” shall be
substituted.
(b) in the
ANNEXURE,-
(i) after
Condition number 99 and the entries relating thereto, the following condition
number and the entries shall be inserted, namely:-
|
“100
|
If,-
(a)
the importer furnishes security by way of bank guarantee of an amount equal
to the difference between the duty leviable on such goods but for the
exemption contained therein and the duty levied at the time of import, to the
Deputy Commissioner or the Assistant Commissioner of Customs, as the case may
be; (b)
the importer produces a certificate from the jurisdictional Deputy
Commissioner or the Assistant Commissioner of Central Excise, as the case may
be, of the generating company within a period of six months from the date of
import, or such extended period not exceeding a further period of six months
as the Commissioner of Customs may allow, to the effect that the said
Liquefied natural gas (LNG) and natural gas (NG) so imported and supplied has
been utilised for generating and supplying electrical energy by the said
generating company; (c)
the importer furnishes an undertaking to pay, on demand, in the event of his
failure to comply with any of the aforesaid conditions, an amount equal to
the difference between the duty leviable on such goods but for the exemption
contained therein and the duty levied at the time of import, along with the
applicable interest thereon. |
[F.No.334/3/2013-TRU]