CG adds Bank Guarantee as an option in respect of duty exemption for Mega/Ultra mega power projects

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

 New Delhi, the 27^th June, 2012

Notification No. 43/2012-Customs

            G.S.R. 508(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, on 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 17^th March, 2012, which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)  vide number G.S.R. 185(E), dated the 17^th March, 2012, namely:-

            

              In the said notification, in the ANNEXURE, in Condition No. 93, for the words “Fixed Deposit Receipt”, the words “Fixed Deposit Receipt or Bank Guarantee” shall be substituted.

 [F.No.354/94/2011 -TRU]

(Rajkumar Digvijay)

Under Secretary to the Government of India

Note:   The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 185(E), dated the 17^th March, 2012 and was last amended by notification No. 39/2012-Customs, dated the 12^th June, 2012 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 442(E), dated the 12^th June, 2012.