Goods imported in connection with on-shore oil exploration or exploitation - 333/88 - Customs -Tariff

Rescinded vide Notification No. 21/97-Cus dated 1-3-1997 Goods imported in connection with on-shore oil exploration or exploitation Notification No. 333/88-Cus. Dated 31-12-1988 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 exempts the goods specified in the Table below and component parts of such goods, when imported into India in connection with the purposes of on-shore oil exploration or exploitation, from so much of that portion of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the rate of twenty-five per cent ad valorem , and from the whole of the additional duty, if any, leviable thereon under section 3 of the said Customs Tariff Act, subject to the condition that the importer produces, at the time of clearance of the goods, a certificate issued by the Member-Secretary of the Empowered Committee on the Indigenisation of Oil Field Equipment and Services of the Ministry of Petroleum and Natural Gas, Government of India, certifying that the said goods are essential for the purposes of the said on-shore oil exploration or exploitation. THE TABLE S. No. Description of goods (1) (2) 1. Drilling rigs (including rigs for deep drilling and structural drilling, and work over rigs) and their accessories, such as, derrick, elevators, conduc tor pipes, casing pipes, drilling pipes, drill collars, and also tools for drill ing and finishing. 2. Drilling bits. 3. The following drilling equipments, namely :- (a) Draw work, (b) Mud pumps, (c) Shale-shankers, (d) Swivel, (e) Hook, (f) Rotary Tables, (g) Crown block and travelling blocks, (h) Derrick. 4. Core barrels. 5. Core bits. 6. Turbo drills and turbo bits. 7. Blow-out preventers. 8. Drilling speed testers. 9. Formation testers. 10. Packers used in oil wells. 11. Gas and air Compressors. 12. Desanding units. 13. Cementation units, bunkers and ancillary equipment. 14. Well head fittings. 15. Christmas trees. 16. Oil gas separators. 17. High pressure valves and other allied fittings. 18. Desalting equipments. 19. Oil Pumping sets. 20. Gasoline equipments. 21. Swabbing equipment. 22. High Pressure flow lines. 23. Pressure release and relief valves. 24. Bottom hole pressure and temperature recorders. 25. Tubings. 26. Bottom hole samplers. 2. This notification shall come into force on the 1st day of January, 1989, and shall be in force up to and inclusive of the 30th day of November, 1989.