|
Deemed Export Benefits to Talcher Super Thermal Power Project Stage II (4
X 500 MW) for Power Generation
Public
Notice No. 42 dated 10th October 2002
In
exercise of powers conferred under Paragraph 2.4 of the Export and Import
Policy, 2002-2007 and Paragraph 1.1 of Handbook of Procedures, (Vol.1),
2002-2007, the Director General of Foreign Trade hereby makes the following
amendments in the Public Notice No. 38 (RE-99)/ 1997-2002 dated 5.11.1999 vide
which transitional arrangements were notified allowing deemed export benefits to
the power projects mentioned on the subject:
�In
case of Talcher Super Thermal Power Project Stage-II (4 x 500MW), since the
World Bank funding was not available, M/s NTPC shall have to return the cash
equivalent of the following deemed export benefits availed by the suppliers for
this project:
i)
Benefits obtained under Para 10.3 (a) (Advance Intermediate Licence/
Special Imprest Licence) and Para 10.3 (b) (Deemed export drawback) of Exim
Policy, 1997-2002 (Revised Edition: March, 1999) up to 31.3.2000.
ii)
Benefits obtained under Para 10.3 (c) (Refund of Terminal Excise Duty) of
Exim Policy, 1997-2002 (Revised Edition: March 2001)/ Para 8.3 (c) (Refund of
Terminal Excise Duty) of Exim Policy, 2002-2007 for the period from 1.4.2000
onwards.
2.
This issues in public interest.
|