Thursday, October 15, 2009

LICENSE NECESSARY TO IMPORT ELECTRICITY

In a bid to monitor import of electricity from power plants in the neighboring countries, the government has clarified that electricity from overseas generation facilities will be allowed in to the country only if a license is obtained. According to CBEC guidelines, electric power has a tariff code of 27160000 and attracts an import duty of Rs. 2,000 per 1,000 kwh.

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