The Ministry of Finance (MoF) on October 19, 2022, issued the Project Imports (Amendment) Regulations, 2022 to further amend the Project Imports Regulations, 1986.
The following amendments have been stated:
In the Table,
• 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,” has been substituted.
• against Sr. No. 3, in column 2, for the words, figures, and symbols “Power Plants & Transmission Projects other than those mentioned in 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.” has been substituted.
• against Sr. No. 3FF, in columns 2 and 3, after the item (xi) and the entries relating thereto, the following items and entries have been inserted:
“(xii) Bhopal Metro Rail Project - Managing Director, Madhya Pradesh Metro Rail Corporation Limited (MPMRCL)
(xiii) Indore Metro Rail Project – Managing Director, Madhya Pradesh Metro Rail Corporation Limited (MPMRCL)”.
[Notification No. 54/2022-Customs]
