TMI BlogSeeks to amend notification No. 12/2012, dated the 17th March, 2012 so as to allow transfer of goods imported for oil exploration from one eligible project to anotherX X X X Extracts X X X X X X X X Extracts X X X X ..... do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March,2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide G.S.R.185 (E), dated the 17th March,2012, namely:- In the said notification, in the ANNEXURE,- (I) against Condition No. 41, in clause (c), in sub clause (iv), after the proviso, the following shall be inserted, namely:- (d) where the goods so imported by the licensee or a sub-contractor of the licensee are sought to be transferred, the importer produces to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ause (iv), after the proviso, the following shall be inserted, namely:- (d) where the goods so imported by the contractor or a sub-contractor of the contractor are sought to be transferred, the importer produces to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, at the time of such transfer, the following, namely:- (i) a certificate from a duly authorised officer of the Directorate General of Hydro Carbons in the Ministry of Petroleum and Natural Gas, Government of India, to the effect that the said goods may be transferred in the name of another sub-contractor of the contractor or another contractor or a sub-contractor of such contractor (hereinafter referred to as the transferee ) and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orate General of Hydro Carbons in the Ministry of Petroleum and Natural Gas, Government of India, to the effect that the said goods may be transferred in the name of another sub-contractor of the contractor or another contractor or a sub-contractor of such contractor (hereinafter referred to as the transferee ) and that the said goods are required for such petroleum operations or coal bed methane operations, as the case may be, to be undertaken under a contract referred to in clause (a); (ii) undertaking from the transferee to comply with all the conditions of the notification, including that he shall pay duty, fine or penalty that may become payable, if any of the conditions of the notification are not complied with by himself, where he ..... X X X X Extracts X X X X X X X X Extracts X X X X
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