Levy on crude oil and natural gas amended to substitute new prescribed charges under the Oil Industry Development schedule. Amendment revises the Schedule to the Oil Industry (Development) Act by substituting the Schedule entries: the crude oil entry is replaced with a new prescribed charge per tonne and the natural gas entry is replaced with a new prescribed charge per thousand cubic meters, thereby modifying the statutory charges applicable under the Act.
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Provisions expressly mentioned in the judgment/order text.
Levy on crude oil and natural gas amended to substitute new prescribed charges under the Oil Industry Development schedule.
Amendment revises the Schedule to the Oil Industry (Development) Act by substituting the Schedule entries: the crude oil entry is replaced with a new prescribed charge per tonne and the natural gas entry is replaced with a new prescribed charge per thousand cubic meters, thereby modifying the statutory charges applicable under the Act.
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