Deemed Export Benefits for supply of goods to Mega Power Projects - DGFT Clarifies
PARAGRAPH 8.2(f) of Foreign Trade Policy provides for grant of deemed export benefits to supply of goods required for setting up any Mega Power Project, as specified in Sl.No.507 of Notification No.12/2012-Customs dated 17.03.2012. This notification was amended by Notification No. 49/2012-Customs dated 10.09.2012, by which benefit of zero duty import is available only for such Mega Power Project, specified in List 32A, appended to the Notification No.49/2012-Customs, so certified by an officer, not below the rank of Joint Secretary to the Government of India, in the Ministry of Power before 19th day of July, 2012. Only 111 Mega Power Projects have been included in list 32A of the Notification.
DGFT clarifies that deemed export benefits would be available for supply to these 111 projects (only).
DGFT Circular No. 14(RE-2012/2009-14, Dated: February 04 2013