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Concession in the VAT to hydel projects

Posted on 30 November 2008 by admin

Minister for Water Resources Bishnu Poudel said the present government has made some new provisions in connection with the energy sector such as providing concession in the Value Added Tax to hydroelectricity projects, removal of the provision for taking license for construction of hydroelectricity projects up to 3 megawatt capacity and the provision not requiring to carry out Environmental Impact Assessment (EIA) for building hydroelectricity projects up to 50 megawatt capacity.

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