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Seeks to exempt crude petroleum oil produced in specified oil fields under production sharing contracts or in the exploration blocks offered under the New Exploration Licensing Policy (NELP) through international competitive bidding.

..... In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Excise Act), the Central Government, being satisfied th .....

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..... xcise leviable thereon under the Fourth Schedule to Excise Act. Table Sl. No. Name of fields under Production Sharing Contracts (1) (2) 1. Panna and Mukta fields 2. Ravva field 3. Kharsang field 4. Mi .....

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