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Circular No. :467/7/96 Cus V Cir No. 5/96 Cus Dated :8/2/1996
Import of second hand Wind Generation Equipment Need for careful valuation
Circular No. 5/96-Cus dated 8-2-1996
[From F. No. 467/7/96-Cus.V]
Government of India
Ministry of Finance (Department of Revenue)
Central Board of Excise Customs, New Delhi
Import of second hand Wind Generation Equipment - Subject :Need for careful valuation - Regarding.
I am directed to enclose herewith a copy of the letter of the Ministry of Non-Conventional Energy Sources regarding import of second hand obsolete Wind Generation Equipment being imported into India. There is a strong possibility of these Wind Turbines being heavily under-valued. You are, therefore, requested to advise all the field formations to make a careful assessment of the valuation of these Turbines. Any development in this regard may be reported to the Board urgently.