Customs exemption for on shore oil exploration imports conditioned on a committee certificate enabling reduced duty on specified equipment. Goods imported for on shore oil exploration or exploitation are exempted from customs duty in excess of a capped ad valorem rate and from any additional duty under the Customs Tariff Act, when the goods are among the specified list of oilfield equipment and component parts and the importer produces, at clearance, a certificate from the Member Secretary of the Empowered Committee on Indigenisation certifying the goods are essential for those purposes.
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 on shore oil exploration imports conditioned on a committee certificate enabling reduced duty on specified equipment.
Goods imported for on shore oil exploration or exploitation are exempted from customs duty in excess of a capped ad valorem rate and from any additional duty under the Customs Tariff Act, when the goods are among the specified list of oilfield equipment and component parts and the importer produces, at clearance, a certificate from the Member Secretary of the Empowered Committee on Indigenisation certifying the goods are essential for those purposes.
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