National Calamity Contingent Duty calculation: levy based on crude oil produced and supplied from oil fields, not refinery receipts. The circular directs that National Calamity Contingent Duty on crude petroleum oil is chargeable on the total quantity produced and supplied from the oil field to refineries, not on the net quantity received by refineries; field formations are to be informed and the view follows consultation with the revenue policy wing and administrative conference discussions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
National Calamity Contingent Duty calculation: levy based on crude oil produced and supplied from oil fields, not refinery receipts.
The circular directs that National Calamity Contingent Duty on crude petroleum oil is chargeable on the total quantity produced and supplied from the oil field to refineries, not on the net quantity received by refineries; field formations are to be informed and the view follows consultation with the revenue policy wing and administrative conference discussions.
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