Customs Exemption for petroleum operations

By Vijay Kumar

CUSTOMS Notification No. 12/2012 dated 17.03.2012 at Sl.No. 356 to 359 provide exemption to goods imported in connection with petroleum operations.

Now the Government has added a new item, 359A - Goods specified in List 13 required in connection with petroleum operations undertaken under specified contracts under the Marginal Field Policy (MFP).

Notification No., Dated: January 06, 2016

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