Our Say |
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| Corporates
keen to set up power generation,
transmission and distribution
businesses in SEZs are in for
a big bonanza. The government
has decided to exempt them from
customs, excise and service tax
on inputs. They can import equipment
without paying duty or get excise
exemption on inputs sourced from
the domestic market.
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The improved SEZ policy will
enable developers to sell independent power
to customers within the SEZ at mutually negotiated
rates, without going to the state regulatory
commission for approval. These projects will
function almost like the captive plants, which
sell powers to its |