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14(RE-2012)/2009-14, Dated: 04/02/2013

Clarification on availability of Deemed Export Benefits for supply of goods to Mega Power Projects

Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi- 110011

Policy Circular No.14(RE-2012/2009-14 Dated: 4^th February, 2013

To

                All Regional Authorities
                All Customs Authorities
                All Members of Trade

Subject:               Clarification on availability of Deemed Export Benefits for supply of goods to Mega Power Projects.

               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 issued by Department of Revenue (DoR) bearing No.12/2012-Customs dated 17.03.2012, as amended from time to time.

2.            DoR has issued Notification No.49/2012-Customs dated 10.09.2012, amending entry in Sl.No.507 of DoR Notification No.12/2012-Customs dated 17.03.2012, cited at para 1 above. After this amendment, clarifications have been sought regarding availability of Deemed Export Benefits for supply of goods to Mega Power Projects.

3.            As per amendment referred in para 2, benefit of zero duty import is available only for such Mega Power Project, specified in List 32A, appended to 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 19^th day of July, 2012. Only 111 Mega Power Projects have been included in list 32A of Notification No.49/2012-Customs dated 10.09.2012. This list is given in Annexure to this Circular. Accordingly, deemed export benefits will be available for supply to these 111 projects, subject to the conditions of above stated DoR Notification, provisions of Foreign Trade Policy and Handbook of Procedures.

(Jay Karan Singh)
Joint Director of Foreign Trade
E-mail:jaykaran.singh@nic.in

(F.No.01/92/180/126/AM-13/PC-VI)

Enclosure: List of 111 projects, as available on List 32A of Notification
No.49/2012-Customs dated 10.09.2012 (4 pages).

Opinion

It is clarified that benefit of zero duty import is available only for 111 Mega Power Projects, specified in List 32A, appended to Notification No.49/2012-Customs dated 10.09.2012. Accordingly, deemed export benefits will be available for supply to these 111 projects, subject to the conditions of above stated DoR Notification, provisions of Foreign Trade Policy and Handbook of Procedures

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