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of <h1>India Grants Customs Duty Exemptions for Goods Imported for Petroleum Operations Under Customs Act, 1962</h1> The Central Government of India, under the Customs Act, 1962, has issued Notification No. 131/94-Cus dated June 20, 1994, granting customs duty exemptions for specified goods imported for petroleum operations. This applies to contracts involving the Government of India, the Oil and Natural Gas Commission, Oil India Limited, and Indian Oil Companies. The exemption covers a range of goods including seismic survey vessels, drilling rigs, helicopters, supply boats, specialized equipment, chemicals, and various other items essential for oil and gas operations. A certificate from a designated government officer is required to validate the necessity of these imports.
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