Seeks to exempt crude produced by a person which is in excess of crude petroleum oil produced by such person during the preceding Financial Year

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..... G.S.R. 495(E). -In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of Finance Act, 2002 (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the crude petroleum, falling under heading 2709 of the of the Fourth Schedule to the Central Excise Act 19 .....

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