Notification

NTF. NO. 12/2003-CE, DT. 01/03/2003

Document type: Notification
Reference no.: E
Dated: 25 Apr 2012
Category: Tariff

Section 136 of the Finance Act, 2001 read with clause 161 of the Finance Bill, 2003

(This Ntf. has been Rescinded vide Ntf. No. 43/2003-CE, Dt. 14/05/2003)

NTF. NO. 12/2003-CE, DT. 01/03/2003

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

G.S.R. (E).- 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

[F.No.334/1/2003-TRU]

(Alok Shukla)
Deputy Secretay to the Government of India

NTF. NO. 12/2003-CE, DT. 01/03/2003

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