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February 23, 2001 | Feedback |
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Run-up to the Budget: Power sector
Power: State of the industry (2000-01)
Power: Expected regulatory changes Reportedly, the cap of 16 per cent return on capital base for power distribution licensees could be removed by the Government. Returns of licensees would be determined by efficiency and performance. The policy is likely to be announced by the Ministry of Power. (At present, the licensees earn a fixed return of 16 per cent on investments made after March 31, 1999, and and at a rate linked to the RBI Bank Rate on the investments made prior to March 31, 1999. Power: Industry expectations from the Union Budget (2001-02)
Power cables: Duty structure
Notes: 1) For 2000-01, the landed cost and customs duty include the SACD of 4 per cent, effective since 1999-2000. In 1999-2000, the SACD was applicable only for non-traders, and hence, has not been included in the customs duty. 2) In the 1999-2000 Union Budget, the MODVAT credit was increased from 95 per cent of the excise duty paid on inputs to 100 per cent. Source: Central Excise and Customs Tariff Rediff-CRISIL Budget Impact Analysis Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site. |