Petroleum operations under HELP/OALP added to specified supplies; transferees opt to pay tax on mutilated non-serviceable goods with DGH certificate. Adds petroleum operations and coal bed methane operations under contracts awarded via HELP or OALP to the specified supplies list, and permits the recipient or transferee to elect to pay tax on the transaction value of goods disposed of in non serviceable form after mutilation, provided they produce a certificate from a duly authorised officer of the Directorate General of Hydro Carbons confirming non serviceability and that mutilation occurred prior to disposal.
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.
Petroleum operations under HELP/OALP added to specified supplies; transferees opt to pay tax on mutilated non-serviceable goods with DGH certificate.
Adds petroleum operations and coal bed methane operations under contracts awarded via HELP or OALP to the specified supplies list, and permits the recipient or transferee to elect to pay tax on the transaction value of goods disposed of in non serviceable form after mutilation, provided they produce a certificate from a duly authorised officer of the Directorate General of Hydro Carbons confirming non serviceability and that mutilation occurred prior to disposal.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
