Notification no 06/2019 CENTRAL EXCISE date on 06th July, 2019

 

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.

The extract of CENTRAL EXCISE Notification No. 06/2019- CENTRAL EXCISE is given below: 

Notification No. 06/2019-CENTRAL EXCISE

 

 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE) 

Notification No. 6/2019-Central Excise

 

New Delhi, the 6^th July, 2019

 

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) (hereinafter referred to as the Excise Act), 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 duty of excise 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.	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