Budget 2019-20 proposes customs duty reductions for nuclear power plants

While presenting the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman said these measures will further promote domestic manufacturing.

The Union Budget 2019-20 proposed customs duty reductions on certain raw materials and capital goods needed for nuclear power plants. While presenting the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman said these measures will further promote domestic manufacturing.

The customs duty reduction will be applicable for the following nuclear power plants:

Mahi Banswara Atomic Power project- 1 to 4,

Kaiga Atomic Power project – 5 & 6,

Gorakhpur Atomic Power project- 3 & 4,

Chutka Atomic Power project- 1 & 2

With regard to Budget Estimates for the Department of Atomic Energy (DAE), Rs 16,925 crore has been provided for FY 2019-20.

(With Inputs from PIB)