Customs exemption for offshore oil exploration imports requires Empowered Committee certification and limits duty exposure under conditions. Exempts specified goods imported for off shore oil exploration or exploitation from customs duty in excess of a capped ad valorem rate and from the whole of additional duty under the Customs Tariff Act, conditional upon production at clearance of a certificate from the Member Secretary of the Empowered Committee on the Indigenisation of Oil Field Equipments and Services certifying the goods are essential for the stated off shore purposes; enumerates covered categories including drilling, production, subsea, survey, safety, telecommunication, spares and consumables and notes subsequent rescission by a later notification.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for offshore oil exploration imports requires Empowered Committee certification and limits duty exposure under conditions.
Exempts specified goods imported for off shore oil exploration or exploitation from customs duty in excess of a capped ad valorem rate and from the whole of additional duty under the Customs Tariff Act, conditional upon production at clearance of a certificate from the Member Secretary of the Empowered Committee on the Indigenisation of Oil Field Equipments and Services certifying the goods are essential for the stated off shore purposes; enumerates covered categories including drilling, production, subsea, survey, safety, telecommunication, spares and consumables and notes subsequent rescission by a later notification.
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