Tax exemption for petroleum and CBM goods: reduced state tax applies subject to DGHC certification and compliance conditions. Exempts intra-State supplies of goods listed in the annexure used in petroleum and coal bed methane operations from that portion of state tax in excess of a reduced rate, subject to conditions. Entitlement requires production, at the time of supply, of a certificate from a duly authorised officer of the Directorate General of Hydro Carbons; sub-contractors must also produce an affidavit and an undertaking from the licensee or contractor. Transfers require DGHC authorisation and undertakings, and disposals may attract tax on a prescribed depreciated value.
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.
Tax exemption for petroleum and CBM goods: reduced state tax applies subject to DGHC certification and compliance conditions.
Exempts intra-State supplies of goods listed in the annexure used in petroleum and coal bed methane operations from that portion of state tax in excess of a reduced rate, subject to conditions. Entitlement requires production, at the time of supply, of a certificate from a duly authorised officer of the Directorate General of Hydro Carbons; sub-contractors must also produce an affidavit and an undertaking from the licensee or contractor. Transfers require DGHC authorisation and undertakings, and disposals may attract tax on a prescribed depreciated value.
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