No more customs duty for the Nuclear Power Plants in India

The annual budget presented to the Indian Parliament exposed a reduction of Rs. 40 crores (5.7 Million USD) to the Department of Atomic Energy.

Nirmala Sitharaman, Finance Minister, announced the decision to lift customs duty for equipment needed for the construction of the following plants:

  • Mahi Banswara NPP (Units 1 – 4)
  • Kaiga NPP (Units 5 – 6)
  • Gorakhpur NPP (Units 3 – 4)
  • Chutka NPP (Units 1- 2)

In the financial year 2018-19, the Department of Atomic Energy has allocated 16,965.25 crore rupees (app. 2,392.015 Billion USD), which has decreased to Rs 16,925.51 crore (app. 2,392.052 Billion USD) in the financial year 2019-20.

Nuclear Power Corporation of India (NPCIL) also witnessed large cuts from Rs 4,665 crore (app. 657,66 Million USD) in 2018-19 to Rs 3,000 crore (app. 422,93 Million USD) in 2018-19.

India will also lift the 2.5 percent customs duty on uranium ore, and 7.5 percent on U-235, plutonium and aggregates.

Arnaud Lefevre

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Don’t Stop Here

The new cooperation with Russia

Despite foreign lobbying, Iran continues with its nuclear program. On Tuesday, the Persian regime inaugurated a new nuclear power plant in Bushehr during a ceremony

SEC-KSB become a member of ASME QME CIWG

The first session of 2017 ASME QME-China International Working Group (ASME QME CIWG), held in Daya Bay, Shenzhen (Guangdong Province), attracted more than 50 committee

Shandong Province nuclear goals in 2019

Recently, Shandong Provincial Energy Bureau issued a notice on the guidance of the province’s energy work in 2019, which stated: With the commercialization of Gen-III

Scroll to Top