Exemption of intra State petroleum supplies for specified operations subject to DGH certification and documentary conditions. Exempts intra-State supplies of listed goods when required for petroleum or coal bed methane operations under specified licences or contracts, subject to state tax limited to an amount not exceeding tax computed at the concessional rate and compliance with conditions. Recipients must produce a certificate from a duly authorised officer of the Directorate General of Hydro Carbons; subcontractors must provide affidavit and principal's undertaking. Transfers require DGH transfer certificate and undertakings; disposal may attract tax on depreciated value calculated by specified quarterly rates. The List specifies eligible equipment, vessels, consumables and spares. Effective 1 July 2017.
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 of intra State petroleum supplies for specified operations subject to DGH certification and documentary conditions.
Exempts intra-State supplies of listed goods when required for petroleum or coal bed methane operations under specified licences or contracts, subject to state tax limited to an amount not exceeding tax computed at the concessional rate and compliance with conditions. Recipients must produce a certificate from a duly authorised officer of the Directorate General of Hydro Carbons; subcontractors must provide affidavit and principal's undertaking. Transfers require DGH transfer certificate and undertakings; disposal may attract tax on depreciated value calculated by specified quarterly rates. The List specifies eligible equipment, vessels, consumables and spares. Effective 1 July 2017.
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