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    <title>Concessional rate of petroleum operations for supply of goods under section 11(1) of the Nagaland Goods and Services Tax Act, 2017</title>
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    <description>Exemption from state tax is provided for intra State supplies of goods in the annexed List when used for specified petroleum and coal bed methane operations, subject to a concessional levy and conditions. Beneficiaries (licensees, contractors, sub contractors, transferees) must produce a Directorate General of Hydrocarbons certificate and, where applicable, affidavits and undertakings; transfers and disposals carry additional documentary and tax consequences, including payment on depreciated value. Customs Tariff interpretative rules apply and the notification is effective from the stated commencement date.</description>
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      <description>Exemption from state tax is provided for intra State supplies of goods in the annexed List when used for specified petroleum and coal bed methane operations, subject to a concessional levy and conditions. Beneficiaries (licensees, contractors, sub contractors, transferees) must produce a Directorate General of Hydrocarbons certificate and, where applicable, affidavits and undertakings; transfers and disposals carry additional documentary and tax consequences, including payment on depreciated value. Customs Tariff interpretative rules apply and the notification is effective from the stated commencement date.</description>
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