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Parts such as tower, nacelle, rotor, blades and wind turbine controller etc. of WOEG are eligible for exemption from Central Excise duty

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Capital Market
References were received from trade regarding availability of exemption from Central Excise duty to the parts and components of Wind Operated Electricity Generators (WOEG) (popularly called wind turbines), under Notification No. 12/2012-Central Excise, dated 17 March 2012. To reduce litigation and to improve ease of doing business in the important sector of non-conventional energy, Central Board of Excise and Customs(CBEC), Department of Revenue, Ministry of Finance has issued circular No. 1008/15/2015, dated 20 October 2015 to clarify that parts such as tower, nacelle, rotor, blades, wind turbine controller etc. of WOEG are eligible for exemption from Central Excise duty.

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First Published: Oct 20 2015 | 1:32 PM IST

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