General Project Imports
Extended by Two More Years
·
Project Imports 9801 Benefit to Lapse on 1 Oct 2023
1. Iron
Ore Pellet Plants/Projects and Iron Ore Beneficiation plants/projects (2.5%)
2. Barge
Mounted Power Plants (5%)
·
Exemption Extended by Two More Years to 30 Sept.
2025 from 30 Sept. 2023
1. General
Entry for all goods of Project Imports
2. Coal
Mining Projects
3. Power
Generation and Power Transmission Projects
4. Project
for LNG Re-gasification Plant
5. Aerial
passenger Ropeway Project
6. Nuclear
Power Project
7. Water
Supply Projects
[Notification No. 54/2023-Customs
dated 14th September 2023]
Seeks to amend notification no. 50/2017-Customs in
order to amend various entries relating to Project Imports as a result of
Project Import review.
G.S.R.
.....(E).In exercise of the powers conferred by sub-section (1) of section 25
of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs
Tariff Act, 1975 (51 of 1975), 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. 50/2017-Customs, dated the 30th June, 2017,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 785(E), dated the
30th June, 2017, namely:-
In
the said notification, in the Table, -
(i) against S. No. 597, in column (3), for
the proviso, the following provisos shall be substituted, namely:
-
Provided
that items (ii) and (iv) shall cease to have effect after 30th September,
2023.
Provided further that items (i), (iii) and (v) shall cease
to have effect after 30th September 2025.;
(ii) against
S. No. 598, in column (3), for the figure, 2023, the figure, 2025 shall be
substituted;
(iii) against
S. No. 600, in column (3), for the figure, 2023, the figure, 2025
shall be substituted;
(iv) against
S. No. 601, in column (3), for the figure, 2023, the figure, 2025
shall be substituted;
(v) against
S. No. 602, in column (3), for the figure, 2023, the figure, 2025
shall be sub stituted;
(vi) against
S. No. 603, in column (3), for the figure, 2023, the figure, 2025
shall be substituted.
2.
This notification shall come into force with immediate effect.
[F.
No.190352/01/2023-TRU]
The Updated Entries are as below
|
SNo. |
Heading |
Item Description |
BCD |
IGST |
Condition
No. |
Exemption
Valid till |
|
597. |
9801
|
Goods required for- (i) coal mining projects; |
Nil |
- |
111 |
30.09.2025 |
|
|
|
(ii) iron ore pellet plants/projects and iron ore beneficiation
plants/projects |
2.5 |
- |
111 |
30.09.2023 |
|
|
|
(iii) power generation projects including gas turbine power projects
(excluding captive power plants set up by projects engaged in activities
other than in power generation) |
5% |
- |
111 |
30.09.2025 |
|
|
|
(iv) barge mounted power plants; |
5% |
- |
111 |
30.09.2023 |
|
|
|
(v) power transmission,
sub-transmission or distribution projects; Provided that
items (ii) and (iv) shall cease to have effect after 30th September, 2023. Provided further that items (i),
(iii) and (v) shall cease to have effect after 30th September 2025.
[54/14.09.2023
SNo. 597 amended The proviso substituted] [02/01.02.2022 Condition 111 and proviso inserted] |
5% |
- |
111 |
30.09.2025 |
|
598.
|
9801 |
Goods required for setting up of any Mega Power Project specified in List
31, so certified by an officer not below the rank of a Joint Secretary to the
Government of India in the Ministry of Power before the 19th day
of July, 2012, that is to say, (a) a thermal power plant of a capacity
of 700MW or more, located in the States of Jammu and Kashmir, Sikkim,
Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura;
or (b) a thermal power plant of a capacity
of 1000MW or more, located in States other than those specified in (a); or I a hydel power
plant of a capacity of 350MW or more, located in the States of Jammu and
Kashmir, Sikkim, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram,
Nagaland and Tripura; or (d) a hydel power plant of a capacity of
500MW or more, located in States other than those specified in clause I Provided
that nothing contained in this S. No. shall have
effect after the 30th September, 2025 [54/14.09.2023
Exemption Extended till 30.09.2025] [02/01.02.2022 Proviso inserted] |
Nil |
- |
95
and 111 |
30.09.2025 |
|
600.
|
9801 |
Goods required for- |
|
|
|
|
|
|
|
(a) Project for LNG Re-gasification
Plant |
5% |
- |
111 |
30.09.2025 |
|
|
|
(b) Aerial passenger ropeway project Provided that nothing
contained in this S. No. shall have effect after the 30th September, 2025 [54/14.09.2023
Exemption Extended till 30.09.2025] [02/01.02.2022 Condition 111 and
proviso inserted] |
5% |
- |
111 |
30.09.2025 |
|
601.
|
9801 |
All goods Provided that
nothing contained in this S. No. shall have effect after the 30th September, 2025
[54/14.09.2023
Exemption Extended till 30.09.2025] [02/01.02.2022 Condition 111 and
proviso inserted] |
5% |
- |
111 |
30.09.2025 |
|
602.
|
9801 |
Goods required for setting up of any Nuclear
Power Project specified in List 32, having a capacity of 440 MW or more,
as certified by an officer not below the rank of a Joint Secretary to the
Government of India in the Department of Atomic Energy Provided
that nothing contained in this S. No. shall have effect after the 30th September,
2025 [54/14.09.2023
Exemption Extended till 30.09.2025] [02/01.02.2022 Condition 111 and
proviso inserted] |
Nil |
- |
96
and 111 |
30.09.2025 |
|
603.
|
9801 |
Water Supply Projects Explanation. Water supply projects
notified under the heading 9801 against item numbers 26 and 26A of
notification No. 42/96 Customs, dated the 23rd July, 1996 [G.S.R. 294 I,
dated the 23rd July, 1996]. Provided
that nothing contained in this S. No. shall have effect after the 30th September,
2025 [54/14.09.2023
Exemption Extended till 30.09.2025] [02/01.02.2022 Condition 111 and
proviso inserted] [01/02.02.2020 Item description
substituted] |
Nil |
- |
111 |
30.09.2025 |