Tax on non-serviceable petroleum goods: recipient or transferee may opt to pay tax upon certified mutilation before disposal. The notification amendment adds petroleum and coal bed methane operations under HELP or OALP to the listed items and inserts a proviso allowing the recipient or transferee to elect to pay tax at the prescribed rate on the transaction value where goods are disposed of as non-serviceable after mutilation, conditional on producing a certificate from a duly authorised hydrocarbon authority officer to the competent Deputy or Assistant Commissioner of Central or State tax having jurisdiction over the supplier.
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 on non-serviceable petroleum goods: recipient or transferee may opt to pay tax upon certified mutilation before disposal.
The notification amendment adds petroleum and coal bed methane operations under HELP or OALP to the listed items and inserts a proviso allowing the recipient or transferee to elect to pay tax at the prescribed rate on the transaction value where goods are disposed of as non-serviceable after mutilation, conditional on producing a certificate from a duly authorised hydrocarbon authority officer to the competent Deputy or Assistant Commissioner of Central or State tax having jurisdiction over the supplier.
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