List 13 for Petro Equipment at Zero Duty
Extended to Operations under GoI “Marginal Field Policy (MFP)”
[Customs Notification No. 02 dated 6th
January 2016]
In exercise of the powers conferred by sub-section (1)
of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being
satisfied that it is necessary in the public interest so to 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 number G.S.R.185 (E), dated the 17th
March, 2012, namely:-
In the said notification,-
(a) in the
Table, after serial number 359 and the entries relating thereto, the following
serial number and the entries shall be inserted, namely :-
|
“359A |
84 or any other Chapter |
Goods
specified in List 13 required in connection with petroleum operations
undertaken under specified contracts under the Marginal Field Policy (MFP). |
Nil |
Nil |
44”; |
(b) in the
ANNEXURE, in the column under the heading “Conditions”, in Condition No. 44,-
(i) in clause
(a), after the words “Coal Bed Methane Policy”, the words, figures and letters
“, or on or after the 14th day of October, 2015 in terms of the Marginal Field
Policy” shall be inserted;
(ii) in clause
(b), in sub-clause (i), after the words “Coal Bed Methane Policy”, the words
“or the Marginal Field Policy” shall be inserted;
(iii) in clause
(c), in sub-clause (i), after the words “Coal Bed Methane Policy”, the words
“or the Marginal Field Policy” shall be inserted.
[F. No. 354/264/2013-TRU (Pt.-I)]