10.11
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
Other Conditions
The supply of capital goods and spares upto 10% of the FOR value of the capital
goods to the power projects in terms of paragraphs 10.2(g) shall be entitled
for deemed export benefits provided the same is certified by the Central
Electricity Authority and the International Competitive Bidding procedures have
been followed, at IPP stage, for supply of such capital goods to the power
projects. The domestic supplier shall be eligible for the benefits listed in
paragraphs 10.3 (a) and (b) of the Policy. The benefit of deemed exports shall
also be available for renovation/ modernisation of power plants.
However, supply of goods required for setting up of any mega power projects
specified in S.No. 338 of Department of Revenue notification No.16/2000 dated
1/3/2000, as amended from time to time, shall be eligible for deemed exports
benefits as mentioned in paragraph 10.3(a)(b) and (c) of the Policy, if such
mega power project is - (a) an inter state thermal power plant of a capacity of
1000 MW or more; or (b) an inter-state hydel power plant of a capacity of 500
MW or more-as certified by an officer not below the rank of a Joint Secretary,
Government of India in the Ministry of Power.
Supplies under paragraph 10.2(g) of the policy to the new refineries being set
up during the Ninth plan period, shall be entitled for deemed export benefits
provided items and equipments are covered under S.No.204 of Customs
Notification No. 16/2000 dated 1.3.2000, as amended from time to time. The
domestic supplier shall be eligible for the benefits given in paragraph 10.3
(a) or (b) of the policy.