Share on LinkedInShare on LinkedIn

ARTICLE · 20 FEBRUARY 2017

Exemption On Machinery Imported For Generation Of Power

S.S. Rana & Co.
S.S. Rana & Co.
Contributor
S.S. Rana & Co.

S.S. Rana & Co.

Established in 1989, S.S. Rana & Co. is a premier intellectual property and corporate law firm...

View firm profile
Explore more from S.S. Rana & Co.

Section 25 of the Customs Act, 1962 empowers the Central Government to grant exemptions from Custom Duty, if the Central Government is satisfied that it is necessary in the public interest to do so.

IndiaEnergy and Natural Resources

1. Powers of Central Government to Grant Exemption from Custom Duty

Section 25 of the Customs Act, 1962 empowers the Central Government to grant exemptions from Custom Duty, if the Central Government is satisfied that it is necessary in the public interest to do so. The Central Government in furtherance to the above mentioned powers, by notification in the Official Gazette, is empowered to exempt goods of any specified description from the whole or any part of duty leviable thereon.

2. Notification No. 05/2017- Customs

The Ministry of Finance on February 2, 2017 vide notification no. 05/2017 – Customs1, exempted the payment of custom duty on all items of machinery required for;

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from