https://www.taxtmi.com/news?id=15871 Granting marketing including pricing freedom for gas from HPHT, Deepwater and Ultra Deepwater discoveries, subject to a ceiling equal to the lowest of fuel oil landed price, a weighted substitute-fuels landed price (0.3 coal + 0.4 fuel oil + 0.3 naphtha), and LNG landed price. Applicable to future discoveries and existing discoveries not in commercial production as of 1.1.2016, with pending pricing litigation/arbitration delaying applicability until resolution. Ceiling calculated from trailing four quarters with one-quarter lag, revised semiannually and notified by the Director General, PPAC. en-us Fri, 11 Mar 2016 09:43:08 +0530 Fri, 11 Mar 2016 09:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15871 Granting marketing including pricing freedom for gas from HPHT, Deepwater and Ultra Deepwater discoveries, subject to a ceiling equal to the lowest of fuel oil landed price, a weighted substitute-fuels landed price (0.3 coal + 0.4 fuel oil + 0.3 naphtha), and LNG landed price. Applicable to future discoveries and existing discoveries not in commercial production as of 1.1.2016, with pending pricing litigation/arbitration delaying applicability until resolution. Ceiling calculated from trailing four quarters with one-quarter lag, revised semiannually and notified by the Director General, PPAC. News - Fri, 11 Mar 2016 09:43:08 +0530 https://www.taxtmi.com/news?id=15871