Customs exemption expansion: extends petroleum operations goods relief to mining leases and state granted licences, broadening eligibility. The notification amends the customs exemption to extend duty-free treatment to goods for petroleum operations by replacing references to petroleum exploration licences with petroleum exploration licences or mining leases and by recognising instruments granted by the Central Government or any State Government; it also revises Annexure conditions, removes a qualifying phrase in one sub-clause, and substitutes 'licenses'/'licensee' with 'licenses or leases, as the case may be'/'licensee or lessee, as the case may be'.
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Customs exemption expansion: extends petroleum operations goods relief to mining leases and state granted licences, broadening eligibility.
The notification amends the customs exemption to extend duty-free treatment to goods for petroleum operations by replacing references to petroleum exploration licences with petroleum exploration licences or mining leases and by recognising instruments granted by the Central Government or any State Government; it also revises Annexure conditions, removes a qualifying phrase in one sub-clause, and substitutes "licenses"/"licensee" with "licenses or leases, as the case may be"/"licensee or lessee, as the case may be".
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