Exemption for petroleum-sector supplies limits state tax to a specified rate subject to DG Hydrocarbons certification and conditions. Exempts intra State supplies of specified goods used in petroleum and coal bed methane operations from State tax in excess of an amount calculated at the rate specified in the Table, when supplied to licensees, contractors or subcontractors engaged under nomination, specified contracts, NELP, Marginal Field Policy or Coal Bed Methane Policy, subject to documentary conditions including certificates from the Directorate General of Hydrocarbons and additional undertakings, transfer controls and a depreciation based tax discharge mechanism where goods are disposed of.
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-sector supplies limits state tax to a specified rate subject to DG Hydrocarbons certification and conditions.
Exempts intra State supplies of specified goods used in petroleum and coal bed methane operations from State tax in excess of an amount calculated at the rate specified in the Table, when supplied to licensees, contractors or subcontractors engaged under nomination, specified contracts, NELP, Marginal Field Policy or Coal Bed Methane Policy, subject to documentary conditions including certificates from the Directorate General of Hydrocarbons and additional undertakings, transfer controls and a depreciation based tax discharge mechanism where goods are disposed of.
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