| Date: |
01-03-2003
|
| Notification No: |
Central Excise Notification No 12/2003
|
| Issuing Authority: |
Central Excise
|
| Type: |
Tariff
|
| File No: |
|
| Subject: |
Exemption to Crude Oil from Payment of National Calamity Contingent Duty
|
|
Exemption to Crude Oil from Payment of National Calamity Contingent Duty
Central Excise Notification No. 12 dated 1st
March 2003
In
exercise of the powers conferred by sub-section (1) of section 5A of the Central
Excise Act, 1944 (1 of 1944), read with section 136 of the Finance Act, 2001 (14
of 2001), the Central Government, being satisfied that it is necessary in the
public interest so to do, hereby exempts, petroleum oils and oils obtained from
bituminous minerals, crude, produced either in the fields under the Production
Sharing Contracts, specified in column (2) of the Table below or in the
exploration blocks offered under New Exploration Licensing Policy (NELP) through
competitive international bidding, from whole of the National Calamity
Contingent Duty leviable thereon under section 136 of the Finance Act, 2001,
read with clause 161of the Finance Bill, 2003, which clause has, by virtue of
the declaration 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.
|
Sabarmati Field
|
|
9.
|
Cambay Field
|
|
10.
|
Indrora Field
|
|
11.
|
Bakrol Field
|
|
12.
|
Lohar Field
|
|
13.
|
Dholka Field
|
|
14.
|
Wavel Field
|
|
15.
|
Baola Field
|
|
16.
|
Asjol Field
|
|
17.
|
PY-1 Field
|
|
18.
|
North Balol Field
|
|
19.
|
Allora Field
|
|
20.
|
Unawa Field
|
|
21.
|
Dholsan Field
|
|
22.
|
Kanwara Field
|
|
23.
|
Modhera Field
|
|
24.
|
Amguri Field
|
|
25.
|
North Kathana Field
|
|
26.
|
Sanganpur Field
|
|
|
|