CBEC - hereby specifies the class of goods, namely ‘crude’, imported and stored in underground rock caverns. - 147/2015 - Customs - Non Tariff

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION NO. 147/2015-CUSTOMS (N.T.), New Delhi, Dated: December 23, 2015 S.O. 3510(E). - In exercise of the powers conferred by the second proviso to clause (ii) of sub- section (2) of section 61 of the Customs Act, 1962 (52 of 1962) , the Central Board of Excise and Customs, being satisfied that it is necessary so to do in the public interest, hereby specifies the class of goods, namely crude , imported and stored in underground rock caverns, in respect of which no interest shall be charged under the said section 61. F. No. 473/07/2015-LC (TEMSUNARO JAMIR) Under Secretary