New Urea Policy 2015 for Existing Gas Based Urea Manufacturing Units (Clarification)

Notification will be applicable for all gas based existing indigenous urea manufacturing units except BVFCL I & II. 1) Variable cost referred in Para 5 will be applicable upto re-assessed capacity. 2) IPP will be quarterly calculated on the basis of weighted average CFR price during the quarter at Indian port. 3) Govt will quarterly notify incidental expenses incurred during the quarter on imported urea in Rs. per MT exclusive of custom duty. 4) IPP and Incidental expenses will notify within 1 month from the end of quarter. In case of no import during the quarter, in that case IPP and Incidental expenses of previous quarter will be applicable. The benefit on account of Energy saving will be calculated based on monthly pooled gas price excluding transportation and applicable taxes.