This notification, S.O. 1845(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on May 8, 2018, pertains to Income Tax regulations. Specifically, it exercises the powers conferred by clause (ii) of the proviso to clause (48A) of section 10 of the Income-tax Act, 1961. The notification identifies Abu Dhabi National Oil Company, ADNOC Marketing International Limited, and ADNOC Marketing International India RSC Limited as foreign companies, and the Oil Storage and Management Agreement dated January 25, 2017 (between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company), along with the Amended and Restated Oil Storage and Management Agreement dated February 10, 2018 (between Indian Strategic Petroleum Reserves Limited, Abu Dhabi National Oil Company, and ADNOC Marketing International India RSC Limited) as agreements, for the purposes of the said clause, having regard to the national interest. The notification came into effect on the date of its publication in the Official Gazette. The notification number is 22/2018, with file number F. No. 370142/6/2018-TPL. The issuing authority is Dr. T. S. Mapwal, Under Secretary.
Key Entities Referenced
Ministry of Finance: The government ministry responsible for financial matters.
Central Board of Direct Taxes: A government agency responsible for direct tax administration.
Income-tax Act, 1961: The principal law governing income tax in India.
Abu Dhabi National Oil Company: A foreign company identified in the notification.
ADNOC Marketing International Limited: A foreign company identified in the notification.
ADNOC Marketing International India RSC Limited: A foreign company identified in the notification.
Oil Storage and Management Agreement: An agreement between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company.
Indian Strategic Petroleum Reserves Limited: An Indian company that is party to the Oil Storage and Management Agreement.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
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No. 1658] NEW DELHI, TUESDAY, MAY 8, 2018/VAISAKHA 18, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय
((((ररररााााजजजज(cid:5)(cid:5)(cid:5)(cid:5)वववव ििििववववभभभभाााागगगग))))
((((कककक(cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)ीीीीयययय (cid:17)(cid:17)(cid:17)(cid:17)(cid:18)(cid:18)(cid:18)(cid:18)यययय(cid:19)(cid:19)(cid:19)(cid:19) ककककरररर बबबबोोोोडडडड))(cid:23)(cid:23)))(cid:23)(cid:23)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 8 मई, 2018
आआआआयययय----ककककरररर
ककककाााा....आआआआ.... 1111888844445555((((अअअअ))))....————के(cid:11)(cid:12)ीय सरकार, आय-कर अिधिनयम, 1961 (1961 का 43) क(cid:29) धारा 10 के खंड (48क)
के परंतकु क(cid:29) मद (ii) &ारा ’द( शि*य+ का ’योग करते .ए, रा0ीय िहत को 2यान म 3 रखते .ए उ* खंड के ’योजन+ के
िलए िन6िलिखत िवदशे ी कंपनी और करार को अिधसिू चत करती ह,ै अथात= ् :—
(i) िवदशे ी कंपिनय+ के ?प म,3 आबू धाबी नेशनल ऑयल कंपनी, एडीएनओसी माAकBटग इंटरनेशनल
िलिमटेड और आबू धाबी नेशनल ऑयल कंपनी, माAकBटग इंटरनेशनल (इंिडया) आरएससी िलिमटेड ;
और
(ii) करार+ के ?प म,3 इंिडयन FGेटिजक पेGोिलयम Hरजवस= िलिमटेड और आबू धाबी नेशनल ऑयल कंपनी
तथा आब ू धाबी नेशनल ऑयल कंपनी माAकBटग इंटरनेशनल (इंिडया) आरएससी िलिमटेड &ारा और
उनके बीच 10 फरवरी, 2018 को (cid:4)कए गए संशोिधत और पनु :किथत तेल भंडारण और ’बधं करार के
साथ पHठत उनके &ारा और उनके बीच 25 जनवरी, 2017 को (cid:4)कया गया तेल भंडारण और ’बंध
करार ।
2. यह अिधसूचना राजपP म3 उसके ’काशन क(cid:29) तारीख स े’वृ( होगी ।
[अिधसूचना स.ं 22/2018/फा.सं. 370142/6/2018-टीपीएल)]
डॉ. टी. एस. मपवाल, अवर सिचव
2549 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 8th May, 2018
INCOME-TAX
S.O. 1845(E).—In exercise of the powers conferred by clause (ii) of the proviso to clause (48A) of
section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the national
interest, hereby notifies the following foreign companies and agreement, for the purposes of the said clause,
namely:
(i) Abu Dhabi National Oil Company, ADNOC Marketing International Limited, and ADNOC
Marketing International (India) RSC Limited, as the foreign companies; and
(ii) the Oil Storage and Management Agreement, dated the 25th of January, 2017, entered into by
and between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil
Company read with the Amended and Restated Oil Storage and Management Agreement,
dated the 10th of February 2018, entered into by and between Indian Strategic Petroleum
Reserves Limited, Abu Dhabi National Oil Company and ADNOC Marketing International
(India) RSC Limited, as the agreements.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No. 22/2018/ F. No. 370142/6/2018-TPL]
Dr. T. S. MAPWAL, Under Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.