BCPL’s application for issue of project import certificate cleared

20-Sep-10

The Department of Chemicals and Petrochemicals (DCPC) has cleared an application of Brahmaputra Cracker and Polymer Limited (BCPL) for issue of project import certificate. BCPL had applied to DCPC for issue of project import certificate under Custom heading 98.01 for availing duty concession for the import of capital goods. BCPL had submitted a list of capital goods, based on the purchase orders placed by it on various foreign manufacturers and suppliers. After examining BCPL’s request, DCPC has recommended issue of Project Import Certificate under Custom heading 98.01 of the Custom Tariff Act for import of capital goods of Freight on Board (FOB) value USD 8,80,000. BCPL holds the ‘IEM No. 3319/SIA/IMO/2008’ for manufacture of 2,20,000 MTPA ethylene, 60,000 MTPA propylene, 2,20,000 MTPA HDPE,LLDPE, 60,000 MTPA polypropylene at its Lepetkata plant in Dibrugarh district. The project has been accorded excise duty exemption and exemption on IT services for 10 years. The project has also been sanctioned capital subsidy of Rs 2138 crore and feedstock subsidy of Rs 908.91 crore.