Exemption for petroleum-related goods: intra-state supplies taxed only up to specified state rate when prescribed certificates and conditions are met. Exemption from state tax applies to intra State supplies of listed goods when used in petroleum exploration, production or coal bed methane operations, subject to documentary conditions: production of a Directorate General of Hydrocarbons certificate, subcontractor affidavits and undertakings, compliance on transfers including foreign exchange certification where applicable, and payment on disposal based on prescribed straight line depreciation; Customs Tariff interpretive rules apply.
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.
Exemption for petroleum-related goods: intra-state supplies taxed only up to specified state rate when prescribed certificates and conditions are met.
Exemption from state tax applies to intra State supplies of listed goods when used in petroleum exploration, production or coal bed methane operations, subject to documentary conditions: production of a Directorate General of Hydrocarbons certificate, subcontractor affidavits and undertakings, compliance on transfers including foreign exchange certification where applicable, and payment on disposal based on prescribed straight line depreciation; Customs Tariff interpretive rules apply.
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