Cess on crude oil under the Oil Industry Act: NELP competitive bidding production exempted, specified per tonne rates adjusted. Cess is imposed on crude oil under the Oil Industry (Development) Act, 1974, but crude oil from exploration blocks offered under NELP through competitive international bidding is exempt from the section 15(1) cess by Ministry notification; the document records a specified per tonne cess rate and notes legislative amendments substituting and later revising that rate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cess on crude oil under the Oil Industry Act: NELP competitive bidding production exempted, specified per tonne rates adjusted.
Cess is imposed on crude oil under the Oil Industry (Development) Act, 1974, but crude oil from exploration blocks offered under NELP through competitive international bidding is exempt from the section 15(1) cess by Ministry notification; the document records a specified per tonne cess rate and notes legislative amendments substituting and later revising that rate.
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