Moneycontrol
    Moneycontrol PRO
    FiDEX 2026
    FiDEX 2026

    Power cos appeal FinMin against customs & import duty

    The Association of Power Producers (APP), a trade body that represents 90% of private power companies has appealed against levying customs and import duty on power equipment.

    November 02, 2011 / 19:15 IST

    The Association of Power Producers (APP), a trade body that represents 90% of private power companies has appealed against levying customs and import duty on power equipment.

    In a letter to the finance ministry and the power ministry, APP has said that levying duty would further aggravate cost pressures for companies and have an adverse impact on capacity addition.

    The appeal comes ahead of an inter-ministerial meet to consider levying 19% duty on importing power equipment.

     

    first published: Nov 2, 2011 05:59 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347