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

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....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under Section 136 of the Finance Act, 2001 read with clause 161 of the Finance Bill, 2003 (This Notification has been Rescinded vide Notification No. 43/2003-CE, Dt. 14/05/2003) NOTIFICATION NO. 12/2003-CE, DT. 01/03/2003 ....

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....claration made in the said Finance Bill under the Provisional Collection of Taxes Act,1931 (16 of 1931), the force of law. Table S. No. Name of the field under Production Sharing Contracts (1) (2) 1. Panna and Mukta fields 2. Ravva field 3. Kharsang field 4. Mid and South Tapti fields 5. Hazira field 6. Bhandut field 7. Matar field 8. ....