Petroleum operations by ONGC, IOC or IOL - Exemption to specified goods

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..... toms 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 when imported into India in connection with petroleum operations to be undertaken under a contract entered into by the Government of India, the Oil and Natural Gas Commission and an Indian Oil Company or under a contract en .....

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..... n system and Magnetic tapes. 2. Drilling rig and equipment including tug, BOP, drill pipe. 3. Helicopters. 4. Supply boats. 5. Equipment for specialised services like diving and cementation logging, casing repairs, production testing, simulation and mud services in Oil/Gas wells. 6. Casings and tubings. 7. Drilling bits. .....

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..... ns. 14. Chemicals like Pour Point Depressant required for production or transportation of oil and gas. 15. Stores, spares, materials and other consumable for running, repairs and maintenance of the aforesaid equipments and operations. 16. Oil Well Cement. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.co .....

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