1st March, 2003

Notification No. 12/2003 - 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 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

Alok Shukla
Deputy Secretay to the Government of India

F.No.334/1/2003-TRU