CIL to conduct third round of special forward e-auction in February 2016

Coal India Limited (CIL) will conduct the third round of special forward e-auction for distressed power generators during February 16-18, 2016. In the upcoming auction, CIL would offer coal to power producers that do not have linkages from CIL or PPAs with state utilities. CIL will put 3 mt of coal on offer which would be utilised for the rest of 2015-16.

The central government has disallowed the import of capital goods for power generation and transmission projects under the Export Promotion Capital Goods Scheme. The scheme allowed the import of capital goods at zero customs duty for pre-production, production and post-production. This follows an amendment to the Foreign Trade Policy, 2015-20 issued by the Directorate General of Foreign Trade. Following this, an import duty of 5 per cent would be levied on the import of capital goods for the power sector.

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