Supreme Court Dismisses Appeal of Power Developer in Mega Power Policy Customs Duty Exemption Dispute — Press Release Not a Binding Policy Change. The court held that a Press Release reducing the capacity threshold for Mega Power Projects from 1000 MW to 700 MW did not create a binding right to customs duty exemption under Section 25 of the Customs Act, 1962, and the appellant had assumed the risk of policy changes under the RFP.
20 Nov 2024The appeal arose from a judgment of the Appellate Tribunal for Electricity (APTEL) dated 30.06.2014, which dismissed the appeal of Nabha Power Limited...
