PPA Condition not to Apply
for Excise Duty Exemption on State Non Conventional Energy Projects
[Central Excise Notification No. 34 dated 18th
November 2010]
In exercise of the powers conferred by sub-section
(1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government,
on being satisfied that it is necessary in the public interest so to do, hereby
makes the following amendment in the notification of the Government of India in
the Ministry of Finance (Department of Revenue), No.33/2005-Central Excise,
dated the
8th September,
2005, published vide number G.S.R. 570(E), dated the 8th
September, 2005, namely:-
In the said
notification, after condition (ii), the
following proviso shall be inserted, namely:-
“Provided
that this condition shall not apply to the power generation projects promoted
by State electricity boards or corporations which are
notified by the respective State Governments as the State Transmission Utility
and Licensee.”
[F.No.354/175/2010-TRU]