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)]