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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 31/2015-Customs
New Delhi, the 7th May, 2015
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), 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, Part II,
Section 3, Sub-section (i) vide number G.S.R.185 (E), dated the 17th March,
2012, namely:-
In the said notification,-
(a) in the Table, after serial number 139A and the entries relating thereto,
the following serial number and the entries shall be inserted, namely :-
| “139B |
2711 11 00, 2711 21 00 |
Liquefied natural gas (LNG) and natural gas (NG) when imported by
GAIL for supply to a generating company as defined in clause (28) of
section 2 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 clause (8)
of section 2 of the Electricity Act, 2003 (36 of 2003). |
Nil |
- |
102”; |
(b) after the Table, in the proviso, after clause (bc), the following clause
shall be inserted, namely:-
“(ca) the goods specified against serial number 139B of the said Table on or
after the 1st day of April 2017; ” ;
(c) in the ANNEXURE, after condition number 101 and the entries relating
thereto, the following shall be inserted, namely:-
| “102 |
If,-
(i) the importer furnishes a self-declaration at the time of import to the
Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case
may be, indicating the quantity of LNG being imported for supply as Regasified
Liquefied natural gas (RLNG) to generating companies as defined in clause (28)
of section 2 of Electricity Act 2003;
(ii) the importer produces the invoice for sale of RLNG to the generating
companies before the Assistant Commissioner of Customs or Deputy Commissioner of
Customs, as the case may be, within a period of three 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;
(iii) the importer also produces utilisation certificates from the generating
companies to the effect that the RLNG has been utilised for generating and
supplying electrical energy by the said generating companies before the
Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case
may be, and such utilisation certificates shall be produced within a period of
three 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;
(iv) GAIL furnishes a corporate guarantee backed by it’s Board resolution, of an
amount equal to the difference between the Customs duty leviable on such goods
but for the exemption contained therein and the duty levied at the time of
import, to the Assistant Commissioner of Customs or Deputy Commissioner of
Customs, as the case may be;
(v) 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 Customs 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;
(vi) the importer furnishes the invoices and utilisation certificates for a
quantity greater than the quantity indicated in self-declaration furnished under
(i) above, then the importer shall be allowed to adjust the duty paid on such
additional quantity in the subsequent imports for which duty is otherwise
payable.”. |
[F. No. 354/125/2014-TRU]
(Akshay Joshi) Under Secretary to the Government of
India
Note.- The principal
notification No. 12/2012-Customs,
dated the 17th March, 2012 was published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th
March, 2012 and last amended by
notification No. 28/2015-Customs, dated the 30th
April, 2015, published in the Gazette of India, Extraordinary, Part II, Section
3, Sub-section (i) vide number G.S.R 338(E), dated the 30th April, 2015.
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