ONGC Installations declared as Designated Areas

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..... r to Ministry's instruction F.No. 450/65/92-Cus-IV dated 28.9.94 wherein the legal position regarding levy of Customs duty on rigs brought in the designated area of the Exclusive Economic Zone and levy of excise duty on oil produced at such sites was clarified. The implication of these legal provisions is that any oil produced in the off-shore installations in the said designated area or within th .....

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..... this Department, however, the issue of the notification by the Ministry of External Affairs is pending. It may be appreciated that till such time the notification is issued, the said coordinates would lie outside the scope of the Customs Act, 2962 and the Central Excises & Salt Act, 1944 with implication on duty changeability on the oil produced when brought into India. While no excise duty can be .....

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