Customs duty exemption for goods imported for petroleum operations requires official contract certification and no foreign exchange remittance. Customs duty exemption applies to goods imported for petroleum operations under contracts between the Government of India, national oil companies and a foreign oil company, subject to a certificate from a Ministry of Petroleum and Natural Gas officer (not below Deputy Secretary) confirming the goods are required for such operations and imported under the specified contract, and an importer certification that no foreign exchange remittance was made for the import. The Table lists the specific categories of goods covered by the exemption.
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.
Customs duty exemption for goods imported for petroleum operations requires official contract certification and no foreign exchange remittance.
Customs duty exemption applies to goods imported for petroleum operations under contracts between the Government of India, national oil companies and a foreign oil company, subject to a certificate from a Ministry of Petroleum and Natural Gas officer (not below Deputy Secretary) confirming the goods are required for such operations and imported under the specified contract, and an importer certification that no foreign exchange remittance was made for the import. The Table lists the specific categories of goods covered by the exemption.
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