New Delhi Power companies may soon be allowed to produce bank guarantee for duty-free import of equipment based on the provisional mega power certificate issued by the finance ministry.
Currently, developers furnish a fixed deposit receipt (FDR) of an amount equivalent to the duty on equipment import for getting tax relief. However, companies feel the current practice locks in a large sum of money that could, otherwise, be used for projects, especially at time when it is difficult to mobilise cheaper credit.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/duty-free-import-norms-power-cos-may-be-eased
[2] http://admin.indiaenvironmentportal.org.in/category/author/bijay-shankar-patel
[3] http://admin.indiaenvironmentportal.org.in/category/author/subhash-narayan
[4] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hydroelectricity
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-power
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/thermal-power-plants
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
