Tax treatment for disposal of mutilated hydrocarbon goods allowed at specified reduced rate upon authorised certificate. The notification adds petroleum and coal bed methane operations under HELP/OALP to the table and permits recipients or transferees disposing goods as non-serviceable after mutilation to elect to pay tax at a specified reduced rate, provided they produce to the appropriate tax officer a certificate from a duly authorised officer of the Directorate General of Hydro Carbons confirming the goods are non-serviceable and were mutilated before 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.
Tax treatment for disposal of mutilated hydrocarbon goods allowed at specified reduced rate upon authorised certificate.
The notification adds petroleum and coal bed methane operations under HELP/OALP to the table and permits recipients or transferees disposing goods as non-serviceable after mutilation to elect to pay tax at a specified reduced rate, provided they produce to the appropriate tax officer a certificate from a duly authorised officer of the Directorate General of Hydro Carbons confirming the goods are non-serviceable and were mutilated before disposal.
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