DGFT Update
Ashit Shah
17 Extension of time period in Mega
Power Project
Time period extended for furnishing the final Mega power project certificate from
120 months to 156 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 126 months to 162 months, in case of provisional mega power projects by amending
N. No. 50/2017 – Customs, dated 30-06-2017.
[N. No. 31/2022 – Customs, dated 07-06-
2022]
Exemption for Petroleum Crude
18 and ATF Exempt imports of Petroleum Crude covered under HSN 2709 and Aviation Turbine Fuel (ATF) from whole of the additional duty of Customs leviable thereon under sub-section
(1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty. This exemption would be effective from 1st July 2022.
[N. No. 32/2022 – Custom.......