Jurisdiction of Chief Commissioner of (Mineral and refinery projects) - 66/2008 - Income Tax

Jurisdiction of Chief Commissioner of (Mineral and refinery projects) NOTIFICATION NO 66/2008 Dated : May 30, 2008 In exercise of the powers conferred by clause (ii) of the third proviso to sub-section (9) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following undertaking, being mineral oil refinery projects, for the purposes of the said sub-section, namely : - (i) 15 MMTPA capacity refinery project of Indian Oil Corporation Ltd at Paradip, Orissa ; (ii) 6 MMTPA capacity refinery project of Bharat Oman Refineries Ltd at Bina Madhya Pradesh; (iii) 9 MMTPA capacity (with thrusts around 12 MMTPA) refinery project of HPCL- Mittal Energy Ltd. at Bathinda, Punjab; (iv) 3000 BOPD (387 TPD) capacity mini-refinery project of Oil Natural Gas Corporation Ltd. at CPF, Gandhar, Ankleshwar, Gujarat; (v) 5.31 MMTPA capacity Phase-III refinery project of Mangalore Refinery and Petrochemicals Ltd at Mangalore, Karnataka; (vi) 7.5 MMTPA capacity New Visakh refinery expansion project of Hindustan Petroleum Corporation Ltd at Vishakapatnam, Andhra Pradesh; (vii) 1500 BOPD (193 TPD) capacity unit II of mini-refinery project of Oil Natural Gas Corporation Ltd., at Tatipaka, Rajahmundry, Andhra Pradesh; and (viii) 3 MMTPA capacity Panipat refinery expansion project of Indian Oil Corporation at Panipat, Haryana. 2. The notification of the above shall be subject to conditions that - (i) the mineral oil refinery projects constitute a separate undertaking with the meaning of section 80-IB of the Income Tax Act; (ii) the undertaking begins refining of mineral oil not later than the 31st day of March, 2012; and (iii) the undertaking continues to be wholly owned by a public sector company or any other company in which a public sector company or companies hold at least forty-nine per cent of the voting rights. [F. No. 142/5/2008-TPL] (Sobhan Kar) Under Secretary (TPL-II)