The government has put on hold its plan to levy duty on import of power equipment by all
developers to protect the interest of domestic firms, such as BHEL and L&T. The concern is that once the duty is imposed, the changes will dilute the government`s mega power policy, which offers benefits to big thermal & hydro power projects by way of a tax holiday for 10 years and customs waiver equipment imports.
developers to protect the interest of domestic firms, such as BHEL and L&T. The concern is that once the duty is imposed, the changes will dilute the government`s mega power policy, which offers benefits to big thermal & hydro power projects by way of a tax holiday for 10 years and customs waiver equipment imports.
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