Exemption of Excise duty of BCD and CVD on power project
Friday, February 17, 2017     Category : Indian Budget 2016-17

 

Customs duty tariff rate changes as per Indian Budget 2017-18
Central Excise Duty changes as per Indian Budget 2017-18
Service Tax rate Changes under Indian Budget 2017-18

(Updating soon after Budget 2017-18 on 1st February,2017 under text format and pdf format)

 

Exemption of Excise duty of BCD and CVD on power projectBudget 2016-17 changes in customs import duty tariff,excise duty and service tax

Indian Union Budget 2016-2017, changes in import customs tax tariff, chapter wise

Indian Budget 2016-17, Excise duty tariff changes, chapter wise

Changes in Service Tax as per Budget 2016-17


Clarification on Exemption of  Excise duty of BCD and CVD on power project as per Indian Budget 2016-17

 

Indian Budget 2016-2017 clarifies:

Doubts have been raised as to whether any Power Project listed for exemption from BCD and CVD [under list 32A of S.No. 507 of notification No.12/2012-Customs] and awarded under International Competitive Bidding (ICB) will be eligible for excise duty exemption under S.No. 336 of notification No. 12/2012-Central Excise [which is for goods supplied against ICB procedure] even if such Power Project is separately listed in List 10 [S.No. 337] or List 11 [S.No. 338] of notification No. 12/2012-Central Excise. In this regard, it is hereby clarified that a project which is listed in List 32A of S. No. 507 of Notification No. 12/2012-Customs, [which exempts goods for such project from BCD and CVD], as a corollary, will also be exempted from excise duty under S. No. 336 of Notification No. 12/2012-CE subject to following conditions: i. if said project has been awarded based on International Competitive Bidding [ICB]; and ii. the conditions mentioned in S. No. 507 of Notification No 12/2012-Customs are fulfilled, even if such power project is included in List 10 [ S. No 337] or List 11 [S. No 338] of notification No 12/2012-CE.

 

 

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Comments

 
Biju Says :
Sunday, November 20, 2016
We are TeamSustain having corporate office in Kerala, have been doing renewable energy projects Pan India basis for last 23 years.our all products like Inverters, Solar panels and batteries are imported and the same we are billing to customer as a renewable energy product. The mail regarding, I would like to know about import duty exemption in CVD, if the imported materials are liking with sales tax.
 

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