The power ministry has moved a Cabinet note which is believed to have proposed imposition of 19 per cent duty on imports of elctricity equipment for large power projects. "We received comments from all the concerned ministries based on that we have sent a note to the Cabinet, now it can be taken up any time soon," Power Secretary P Uma Shankar told media, but did not divulge the percentage of duty to be levied on equipment imports for projects of more than 1,000 MW capacity. However, sources said that the concerned note is likely to approve up to 19 per cent import duty on power gear, in a bid to safeguard the interest of domestic equipment makers like BHEL and Larsen & Toubro (L&T).
Source: Economic Times
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