Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 20/2017-Customs
New Delhi, the 16th May, 2017
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated the 17th March,2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R.185(E), dated the 17th March,2012, namely:-
In the said notification, in the ANNEXURE, in Condition No.93, under heading “Conditions”, in clause (ii), in sub-clause (a),-
(i) for the words “a term of sixty six months”, the words “a term of one hundred and twenty-six months” shall be substituted; and
(ii) for the words “within a period of sixty months”, the words “with in a period of one hundred and twenty months” shall be substituted.
[F.No.354/94/201 1 -TRU(Pt-1)]
Under Secretary to the Government of India
Note.- The principal notification No. 12/2012-Customs, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide, number G.S.R. 185(E), dated the 17th March, 2012 and last amended by notification No. 18/2017- Customs, dated the 9th May, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide, number G.S.R 450 (E), dated the 9th May, 2017.
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