Customs exemption for goods imported for offshore oil exploration conditioned on an empowered committee certificate at clearance. The Central Government exempts specified goods imported for off shore oil exploration or exploitation from the whole of customs duty and any additional duty under the Customs Tariff Act, subject to production at clearance of a certificate issued by the Member Secretary of the Empowered Committee on the Indigenisation of Oil Field Equipment and Services certifying the goods are essential; the exemption covers an enumerated list of equipment, sub assemblies, spares and consumables and operates for the period specified in the 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.
Customs exemption for goods imported for offshore oil exploration conditioned on an empowered committee certificate at clearance.
The Central Government exempts specified goods imported for off shore oil exploration or exploitation from the whole of customs duty and any additional duty under the Customs Tariff Act, subject to production at clearance of a certificate issued by the Member Secretary of the Empowered Committee on the Indigenisation of Oil Field Equipment and Services certifying the goods are essential; the exemption covers an enumerated list of equipment, sub assemblies, spares and consumables and operates for the period specified in the notification.
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