Import duty on power equipment may be rationalised

Import duty on power equipment may be rationalised

on Aug 5, 2010

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THe domestic industry suffers a disadvantage of 14%

A Committee under the Chairmanship of Member (Industry), Planning Commission has recommended that the import duties may be brought at par with the non-mega power projects by way of levy of custom duty at 10%, additional custom duty - 'Nil' and SAD (special additional duty) at 4%.
The Committee was constituted to suggest options and modalities to take care of the disadvantages suffered by the domestic industry related to mega power projects in the power sector. The Committee's has come with the aim of bridging the disadvantage of about 14% suffered by the domestic industry related to mega power projects.
The imposition of above mentioned duty will help the domestic industry in both the private and public sector, including Bharat Heavy Electricals Limited (BHEL), in getting a level playing field to compete on an equal footing vis-a-vis foreign suppliers/manufacturers, particularly from China.
This information was given by Shri Arun Yadav, Minister of State for Heavy Industries and Public Enterprises in reply to a written question in Lok Sabha.

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