14th May, 2003.
Notification No. 41/2003 - Central Excise
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 the whole of the National Calamity Contingent Duty leviable thereon under section 136 of the said Finance Act, 2001, read with section 169 of the Finance Act, 2003 (32 of 2003).
|S. No.||Name of the field under Production Sharing Contracts|
|1.||Panna and Mukta fields|
|4.||Mid and South Tapti fields|
|18.||North Balol field|
|25.||North Kathana field|
Deputy Secretay to the Government of India
We feel proud in offering export-import data information services to our respected clients.