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    <title>Seeks to exempt crude petroleum oil produced in specified oil fields under production sharing contracts or in the exploration blocks offered under the New Exploration Licensing Policy (NELP) through international competitive bidding.</title>
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    <description>Exempts crude petroleum oils and oils obtained from bituminous minerals produced in specified Production Sharing Contract fields or in NELP exploration blocks awarded through international competitive bidding from the whole of the excise duty leviable under the Fourth Schedule to the Central Excise Act, limited to the enumerated fields and NELP blocks meeting the stated contractual and bidding criteria.</description>
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