Mineral based definition amended to exclude crude petroleum oils, narrowing the notification's mineral classification scope. Substitution of entry 16 "Mineral based" in the Third Schedule to the Finance Act, 2002, includes an explanatory declaration that, for the purposes of the ... Summary
Mineral based definition amended to exclude crude petroleum oils, narrowing the notification's mineral classification scope.
Substitution of entry 16 "Mineral based" in the Third Schedule to the Finance Act, 2002, includes an explanatory declaration that, for the purposes of the notification, "mineral" does not include crude petroleum oils and the expression "mineral based" shall be construed accordingly.
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