Exempts, petroleum oils and oils obtained from bituminous minerals, crude, produced either in the fields under the Production Sharing Contracts - 041/2003 - Central Excise - Tariff

Exempts, petroleum oils and oils obtained from bituminous minerals, crude, produced either in the fields under the Production Sharing Contracts Notification No. 41/2003-CE Dated 14/05/2003 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 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). 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.B-6/1/2003-TRU] (V.Sivasubramanian) Deputy Secretay to the Government of India