(1)

(2)

(3)

(4)

(5)

(6)

“77A

2711 11 00

The following goods, namely:-

(A) Liquefied natural gas imported by, -

(i)            Ratnagiri Gas and Power Private Limited for the purpose of generation of power at their power project at Dabhol, District Ratnagiri  (Maharashtra); or

(ii)          any other importer for supply under an agreement to Ratnagiri Gas and Power Private Limited for the purpose of generation of power at their power project at Dabhol, District Ratnagiri  (Maharashtra)

(B) Liquefied natural gas imported for the purpose of generating power, by any other Liquefied Natural Gas Mega Power Project, which -

(i)            is established with an installed power generation capacity of 2000 MW or more, with integrated Liquefied Natural Gas re-gasification facility;

(ii)          became defunct and is subsequently restructured and revived through a Special Purpose Vehicle in the nature of a project company owned by the Public Sector Undertakings as per a restructuring and revival proposal approved by the Central Government; and

(iii)         supplies the power generated in such project to any State Electricity Board under a Power Purchase Agreement

Nil

Nil

Nil

-

-

-

-

103

-’’;

Condition No.

Conditions

“103.

a)      Importer shall-

(i)                    furnish an undertaking to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, to pay the duty leviable on liquefied natural gas (hereinafter referred to as LNG) imported in case he fails to produce within 3 months from the date of import a receipt from Ratnagiri Gas and Power Private Limited (hereinafter referred to as RGPPL) for having received the LNG so imported;

(ii)                   furnish a copy of the undertaking given by RGPPL [as per clause b (vi) given below] to the jurisdictional Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise, along with a copy of agreement under which he intends to import and supply LNG to RGPPL;

(iii)                 pay the full customs duty along with interest at the rate of 13% from the date of import till the date of payment on LNG imported and not so supplied to RGPPL;

b)        Ratnagiri Gas and Power Private Limited  shall-

(i)                    register with the Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise having jurisdiction over their plant as if they were manufacturers of excisable goods;

(ii)                   furnish a copy of the agreement signed with the importer for import and supply of LNG;

(iii)                 undertake to maintain account for receipt of LNG, imported and supplied by the said importer, and consumption of the same for use in the generation of power at their Dabhol plant;

(iv)                 furnish a copy of the bill of entry for LNG imported for supply to them;

(v)                  submit a quarterly statement indicating opening stock, receipt of the imported LNG, consumption, closing stock and quantity not used for intended purpose, if any, value and customs duty payable;

(vi)                 furnish an undertaking to the jurisdictional Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise to pay custom duty leviable on LNG so imported and not used for generation of power at their power project at Dabhol;

(vii)               pay customs duty so payable latest by the 10^th day of the following quarter, along with interest at the rate of 13% from the date of import till the date of payment.”