e-NAM - Govt holds workshop to bolster agri logistics (See 'TOG News')Innovative technology holds key to bridging economic gap: MoS (See 'TOG News')Technology should be low-cost & inclusive: Prasad (See 'TOG News')Atal Innovation Mission & UNDP host Youth Co:Lab Innovation Challenge (See 'TOG News')TP - Transfer pricing adjustment which does not hold test of legal sanctity as per provisions of Section 144C(10), is invalid: ITAT (See 'TOG Latest')I-T - Section 46A is charging provision for gains arising from buy-back of shares & would prevail over general provision u/s 45 for taxing capital gains arising on transfer of capital asset: ITAT (See 'TOG Latest')Customs - When penalty is imposed on partnership firm, separate penalty cannot be imposed on its partner: CESTAT (See 'TOG Latest')Central Excise - Fraudulent availment of credit without receipt of inputs - There is an entry at Information Collection Centre of the State VAT showing that goods passed through it to reach assessee's factory - Credit cannot be denied: CESTAT (See 'TOG Latest')APEDA sets up 186 labs to test Agri products (See 'TOG News')DPIIT adopts paperless licensing for Petroleum service stations (See 'TOG News')TP - When margin adopted in APA is within permissible range with margin computed by taxpayer, then ALP adjustments merits computation accordingly: ITAT (See 'TOG Latest')I-T - Assessment framed & penalty proceedings deserve to be upheld, where assessee does not submit requisite evidence to explain expenses incurred: HC (See 'TOG Latest')Central Excise - There is no bar in Section 4(1) of CEA from there being two transaction values for the same product & for the same receiver: CESTAT (See 'TOG Latest')Service Tax - Recipient of service can claim refund on the strength of the STTG certificate issued by Indian Railways: CESTAT (See 'TOG Latest')Prasad to inaugurate NIC TechConclave 2020 (See 'TOG News')INTL - Non existence of PE of non-residents to whom payments have been made by Indian entity, does not warrant deducting TDS u/s 195: ITAT (See 'TOG Latest')I-T - Scope of term 'relative' as per Section 56 of the I-T Act, includes the relationship of brother-in-law - Cash gift received from such relative cannot be treated as not genuine: HC (See 'TOG Latest')Customs - Request to cross examine Departmental officers - New adjudicating authority cannot deny such request based solely on such request being rejected by predecessor officer: CESTAT (See 'TOG Latest')VAT - AO must independently apply mind while ascertaining classification of goods & eligibility to exemption, rather than relying solely on clarification issued by superior officer: HC (See 'TOG Latest')SVLDRS, 2019 needs to be extended further (See 'THE INSIGHT')
Tax on Go
Budget 2015
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Govt eyes generating 175 GW of renewable energy by 2022
By TOG News Service
Jul 18, 2019

TOG NEWS SERVICE, NEW DELHI, JULY 18, 2019: IN a major decision to fast track the deployment of Renewable Energy (RE) in India, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, Mr RK Singh, today approved a proposal for early regulatory approval by Central Electricity Regulatory Commission (CERC) for transmission schemes identified for 66.5 GW National Renewable Energy Mission projects.

Accordingly, the Ministry of Power has issued the following order -

As a part of the steps necessary to fulfill the commitment made by India under the Nationally Determined Contribution pursuant to the Paris Agreement on Environment, Government of India have decided to set up 175 GW of RE capacities in the country by the year 2022. As of May 2019 about 80 GW of RE generation has already been commissioned and the balance 95 GW has to come up in the next 3 Years. In order to achieve above targets, MNRE in consultation with CEA and Central Transmission Utility (CTU) has identified transmission schemes for around 66.5 GW of RE generation, comprising around 28 GW under Phase-I and around 38.5 GW under Phase-II as part of National Renewable Energy Mission of setting up of 175GW of RE capacity.

As the gestation period of RE projects is much shorter in comparison to the implementation period of the transmission facilities, and significant quantum of RE capacity targeted to be tendered out in the current financial year, it is necessary that the present system of transmission planning and implementation for RE projects need to be carried out in Mission Mode. The transmission activities need to be started much ahead of the generation so that both of them are completed in matching time-frame to achieve the target set by Government of India. Thus, in the said background, it has been decided by the Government to accord the identified transmission schemes for aforementioned 66.5 GW of RE generation, comprising around 28 GW under Phase-I and 38.5 GW under Phase-II as “Projects of National Importance”. Accordingly, the Central Government, in exercise of the powers conferred under Section 107 of the Electricity Act, 2003 hereby issues following directions to the Central Electricity Regulatory Commission in respect of these projects of national importance:-

i. To accord Regulatory approval for the transmission system associated with 12.5 GW of RE capacity in Phase-I for which CTU has already applied to CERC for regulatory approval.

ii. To give regulatory approval expeditiously, for balance 15.5 GW under phase-I and 38.5 GW under phase-II on submission of the application by CTU for the regulatory approval.

iii. Prior requirement of Long Term Access (LTA) applications and associated Bank Guarantees, to be deferred for the interim period till the RE project is awarded to successful bidder, for taking up the implementation of associated transmission systems for balance RE Capacity under 66.5 GW of RE. It is however, clarified that the due regulatory procedure of LTA and Connectivity would be followed by the successful bidder.