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of <h1>Finance Act 2012 amends Oil Industry Act 1974: Crude oil revised to 4,500 per tonne under Chapter VII.</h1> The Finance Act, 2012, under Chapter VII, Miscellaneous, amends the Oil Industry (Development) Act, 1974. Specifically, in the Schedule of the Act, the entry for crude oil at Sl. No. 1 in column 3 is revised to 'Rupees four thousand five hundred per tonne.'
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