Export facilitation of petroleum products: permitted under drawback when payment is received in domestic currency and routed through specified land stations. The amendment adds a clause allowing Indian Oil Corporation to export petroleum products to Nepal Oil Corporation under drawback when payment is received in Indian currency and exports occur only through specified land customs stations; it also substitutes the notification's conditional introductory words to expressly cover exports under clauses (a), (aa) and (b), made under the authority of sub section (2) of section 76 of the Customs Act, 1962.
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Provisions expressly mentioned in the judgment/order text.
Export facilitation of petroleum products: permitted under drawback when payment is received in domestic currency and routed through specified land stations.
The amendment adds a clause allowing Indian Oil Corporation to export petroleum products to Nepal Oil Corporation under drawback when payment is received in Indian currency and exports occur only through specified land customs stations; it also substitutes the notification's conditional introductory words to expressly cover exports under clauses (a), (aa) and (b), made under the authority of sub section (2) of section 76 of the Customs Act, 1962.
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