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 - 012/2003 - Central Excise - Tariff

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under Section 136 of the Finance Act, 2001 read with clause 161 of the Finance Bill, 2003 (This Notification has been Rescinded vide Notification No. 43/2003-CE, Dt. 14/05/2003) NOTIFICATION NO. 12/2003-CE, DT. 01/03/2003 G.S.R. (E).- In exercise of the powers conferred by sub-section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]