CBIC notifies Amendment to Project Imports (Amendment) Regulations, 2022 [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendment to the Project Imports (Amendment) Regulations, 2022. A notification issued on Wednesday stated that “In the Project Imports Regulations, 1986, in the Table, - (i) against Sr. No. 2, in column 2, for the words “All Power Plants and Transmission Projects”, the words “All Power Plants and Transmission Projects, other than solar power plants or solar power projects,” shall be substituted; (ii) against Sr. No. 3, in column 2, for the words, figures and symbols “Power Plants & Transmission Projects other than those mentioned at Sl. No. 2 above.”, the words, figures and symbols “Power Plants and Transmission Projects, other than solar power plants or solar power projects and other than those mentioned at Sr. No. 2 above.” shall be substituted; (iii) against Sr. No. 3FF, in columns 2 and 3, after item (xi) and the entries relating thereto, the following items and entries shall be inserted.”

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