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Specified goods imported into India in connection with the petroleum
operations to be undertaken under a contract entered into by the Government of
India, the Oil and Natural Gas Commission or Oil India Limited and Indian Oil
Company
Notification
No. 279 dated 24th September 1992 (As amended by
notification nos. 7/95)
In
exercise of the powers conferred by sub-section (1) of section 25 of the Customs
Act, 1962 (52 of 1962), the Central Government, being satisfied that it is
necessary in the public interest so to do, hereby exempts the goods specified in
the Table below when imported into India in connection with petroleum operations
to be undertake under a contract entered into by the Government of India, the
Oil and Natural Gas Corporation Limited and an Indian Oil Company of under a
contract entered into by the Government of India, the Oil India Limited and an
India Oil Company, from the whole of the duty of customs leviable thereon under
the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and the
additional duty, if any, leviable thereon under section 3 of the second
mentioned Act:
Provided
that a certificate is produced in each case to the Assistant Collector of
Customs from an officer not below the rank of Deputy Secretary to the Government
of India in the Ministry of Petroleum and Natural Gas that the goods are
required for such petroleum operations and have been imported under aforesaid
contract.
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Sl.
No.
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Description
of goods
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(1)
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(2)
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1.
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Seismic
Survey vessels including Shore based Radio positioning location system
and Magnetic tapes.
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2.
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Drilling
rig and equipment including tug, BOP, drill pipe.
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3.
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Helicopters.
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4.
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Supply
boats.
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5.
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Equipment
for specialized services like diving and cementation logging, casing
repairs, production testing, stimulation and mud services in Oil/ Gas
wells.
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6.
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Casings
and tubings.
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7.
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Drilling
bits.
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8.
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Chemicals
for preparation of mud.
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9.
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Process,
production and well platforms for oil, gas and water injection including
equipment required on these platforms like process equipment, turbines,
pumps, generators, compressors and Telemetry, Telecommunication and Tele
Control Systems.
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10.
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Line
pipes for flow lines and trunk pipelines including weight coating and
wrapping.
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11.
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Pipe
lay barges, cranes, trenchers, derrick barge and the like required in
the installation of platforms and lying of pipelines.
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12.
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Single
buoy mooring systems, oil tankers to be used for oil storage and
connected equipment.
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13.
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Fully
equipped vessels for pollution control, fire prevention, repairs and
maintenance of production installations.
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14.
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Chemicals
like Pour Point Depressant required for production or transportation of
oil and gas.
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15.
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Stores,
spares, materials and other consumables for running, repairs and
maintenance of the aforesaid equipments and operations.
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16.
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Oil
Well Cement.
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2.
This notification shall be in force upto and inclusive of the 31st
day of March 1994
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