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Home News News and Press Release Month 8 2008 2008 (8) This

Excise Duty exemption for goods for Ultra Mega Power Projects

14-8-2008
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Government has granted full exemption from Central Excise Duty to goods procured for setting up Ultra Mega Power Projects based on super critical coal thermal technology, from which power procurement has been tied up on the basis of tariff based competitive bidding. The exemption is applicable to goods procured for projects which are set up under Government of India initiative and have an installed capacity of 3960 MW or above. Certain conditions have been prescribed for availing the benefit of the exemption which comes into effect from 14th of August, 2008.

Notification No.46 /2008-CE dated 14.8.2008 has been issued for this purpose.

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