Seeks to exempt crude oil, produced either in fields under PSCs or in the Exploration blocks offered under NELP, from National Calamity Contingent Duty, which has been levied under Section 136 of the Finance Act, 2001 read with clause 161 of the Finance Bill, 2003

Seeks to exempt crude oil, produced either in fields under PSCs or in the Exploration blocks offered under NELP, from National Calamity Contingent Duty, which has been levied under Section 136 of the Finance Act, 2001 read with clause 161 of the Finance Bill, 2003 https://www.taxtmi.com/notifications?id=688 Notification exempts crude petroleum oils produced in specified Production Sharing Contract fields and in exploration blocks awarded under the New Exploration Licensing Policy from the National Calamity Contingent Duty. The exemption is granted under section 5A of the Central Excise Act in conjunction with the Finance Act provision and applies to petroleum oils and oils obtained from bituminous minerals, crude, originating in the listed PSC fields or NELP-awarded blocks. en-us Sat, 01 Mar 2003 00:00:00 +0530 Wed, 15 Oct 2008 15:39:00 +0530 TaxTMI RSS Generator Seeks to exempt crude oil, produced either in fields under PSCs or in the Exploration blocks offered under NELP, from National Calamity Contingent Duty, which has been levied under Section 136 of the Finance Act, 2001 read with clause 161 of the Finance Bill, 2003 https://www.taxtmi.com/notifications?id=688 Notification exempts crude petroleum oils produced in specified Production Sharing Contract fields and in exploration blocks awarded under the New Exploration Licensing Policy from the National Calamity Contingent Duty. The exemption is granted under section 5A of the Central Excise Act in conjunction with the Finance Act provision and applies to petroleum oils and oils obtained from bituminous minerals, crude, originating in the listed PSC fields or NELP-awarded blocks. Notifications Central Excise Sat, 01 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=688