Seeks to exempt crude petroleum produced by a person whose annual production of the said goods during the preceding Financial Year was less than two million barrels - 06/2022 - Central Excise - Tariff
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Special Additional Excise Duty exemption for crude petroleum where production is below a specified annual threshold, with commencement noted. Exempts crude petroleum under heading 2709 from the whole of the Special Additional Excise Duty leviable under the Finance Act when produced by a person whose annual production in the preceding financial year was below the notified production threshold; specifies statutory bases, commencement date, and later rescission by a subsequent notification.
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.
Special Additional Excise Duty exemption for crude petroleum where production is below a specified annual threshold, with commencement noted.
Exempts crude petroleum under heading 2709 from the whole of the Special Additional Excise Duty leviable under the Finance Act when produced by a person whose annual production in the preceding financial year was below the notified production threshold; specifies statutory bases, commencement date, and later rescission by a subsequent notification.
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