No drawback benefits for Non-mega power projects

Controversial deemed exports benefits to non-mega power projects

Provisions of foreign trade policy were interpreted in a manner whereby Indirect Tax benefits available under FTP in relation to supply made to mega power and non mega power had similar fate, although intention of the commerce ministry was to provide such benefits to the former only. In the following article below, we have highlighted relevant provisions under foreign trade policy and its evolutions over considerable period of time whereby loopholes have been rightly plugged and distinctions in indirect Tax benefits have been clearly defined between Mega and Non-Mega power projects.