AMENDMENT IN PARA 5.1 OF FTP FOR PROHIBITING THE IMPORT OF CAPITAL GOODS FOR PRODUCTION / TRANSMISSION OF ENERGY (POWER)


Dated 10th July 2013

Government of India, Ministry of Commerce and Industry, Department of Commerce vide Its Notification No.  07(Re-2013)/ 2009-2014 Dated The 18th April, 2013 hereby amends, with immediate effect, Para 5.1 of the Foreign Trade Policy (RE-2013)/2009-14.

A new sub-para (g) is being inserted after para 5.1(f) of FTP as under:

“5.1(g) Authorization under EPCG Scheme shall not be issued for import of any Capital Goods (including Captive plants and Power Generator Sets of any kind) for

  1. Export of electrical energy (power)
  2. Supply of electrical energy (power) under deemed exports
  3. Use of power (energy) in their own unit, and
  4. Supply/export of electricity transmission services.”

Effect of Notification:

Import of Capital Goods for production/transmission of energy(power) will no longer be available.

SOURCE: GOVT. OF INDIA, Ministry of Commerce and Industry

 

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