Second Stimulus - Customs exemptions
(1) CVD exemption to import of Cement withdrawn.
(2) Exemption to Naphtha imported for generation of electricity. Earlier this exemption was available only for electrical undertakings owned by the Central and State Governments or State Electricity Boards or those licensed under the Electricity Act or permitted under the Electricity (Supply) Act. Now, it is applicable for a generating company as defined in the Electricity Act, 2003. Earlier, the exemption was not available, if the naphtha was used for generation of electricity for captive consumption. Now, it is not available, if the naphtha is used for generation of electricity by captive generating plants.
(3) Customs duty exemption on Ferro Alloys is withdrawn, and all Ferro alloys will now attract 5% Customs duty.
(4) CVD exemption for Thermo Mechanically Treated (TMT) Bars and Structurals withdrawn.
(5) Customs duty exemption for Zinc withdrawn, which will now attract 5% Customs duty.
These measures are supposed to be for providing a level playing field to the domestic industry.
Notification NO. Dated, the 2nd January, 2009.