Restriction on new bonding facilities: prohibit duplicate warehousing where oil companies already have facilities, with revenue impact tests. Extension of warehousing facilities is restricted: not to extend new bonding facilities in any State where similar facilities have been granted to any one oil company to avoid unnecessary blocking of revenue. Officials forwarding proposals must assess distance to existing warehouses, mode of dispatch (pipeline or road), quantum and period of revenue blockage, and likely annual revenue loss from transit or storage before recommending grants.
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.
Restriction on new bonding facilities: prohibit duplicate warehousing where oil companies already have facilities, with revenue impact tests.
Extension of warehousing facilities is restricted: not to extend new bonding facilities in any State where similar facilities have been granted to any one oil company to avoid unnecessary blocking of revenue. Officials forwarding proposals must assess distance to existing warehouses, mode of dispatch (pipeline or road), quantum and period of revenue blockage, and likely annual revenue loss from transit or storage before recommending grants.
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