Date: 2016-01-06Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by sub-section 1 of section 25 of the Customs Act, 1962 52 of 1962, the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments
Executive Summary:
This notification concerns amendments to Notification No. 12/2012-Customs, dated March 17, 2012, relating to exemptions under the Customs Act, 1962. It introduces changes related to petroleum operations under specified contracts within the Marginal Field Policy (MFP). The amendments are effective as of January 6, 2016.
Key Points / Main Content:
Amendments to Notification No. 12/2012-Customs:
* A new serial number 359A is inserted in the Table, following serial number 359. This addition pertains to goods specified in List 13 (chapter 84 or any other) required for petroleum operations under specified contracts under the Marginal Field Policy (MFP), with a Nil duty rate.
Amendments to the ANNEXURE Condition No. 44:
* Clause a: After "Coal Bed Methane Policy," the phrase "or on or after the 14th day of October, 2015 in terms of the Marginal Field Policy" is inserted.
* Subclause i of Clause b: After "Coal Bed Methane Policy," the phrase "or the Marginal Field Policy" is inserted.
* Subclause i of Clause c: After "Coal Bed Methane Policy," the phrase "or the Marginal Field Policy" is inserted.
Impact Analysis:
Central Government:
* Impact: Responsible for the amendment and enforcement of the customs regulations.
* Action Required: Implement and oversee the changes to the customs notifications.
Businesses involved in Petroleum Operations under MFP:
* Impact: Eligible for Nil duty on specific goods required for petroleum operations.
* Action Required: Review the amended notification and comply with the new provisions to avail the exemptions.
Customs Officials:
* Impact: Responsible for the assessment and clearance of goods under the amended notification.
* Action Required: Update knowledge on the changes and implement them during customs procedures.
Key Entities Referenced
Customs Act, 1962: A law enacted in 1962, referenced as the basis for the powers exercised in the notification.
Ministry of Finance, Department of Revenue: The government ministry and department responsible for issuing the notification.
New Delhi: The location where the notification was issued. New Delhi, Delhi, India
Marginal Field Policy (MFP): A government policy related to petroleum operations, under specified contracts.
G.S.R. 12(E): A government notification number related to customs.
Coal Bed Methane Policy: A government policy related to coal bed methane.
Notification No. 12/2012-Customs: A customs notification that is being amended by the current notification.
Anurag Sehgal: Under Secretary, who signed the notification.
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अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 6 जनवरी, 2016
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ससससाााा....ककककाााा....ििििनननन.... 11112222((((अअअअ)))).—के(cid:3)(cid:5) ीय सरकार सीमा शु(cid:14) क अिधिनयम, 1962 (1962 का 52) क(cid:16) धारा 25 क(cid:16) उपधारा
(1) (cid:20)ारा (cid:21)द(cid:23)त शि(cid:26)त य(cid:27) का (cid:21)योग करते (cid:30)ए, यह समाधान हो जाने पर $क लोकिहत म& ऐसा करना आव* यक ह,ै भारत
सरकार के िव(cid:23)त म,ं ालय (राज.व िवभाग) क(cid:16) अिधसूचना स.ं 12/2012 सीमा शु(cid:14)क , तारीख 17 माच6, 2012,
सा.का. िन. 185(अ), तारीख 17 माच,6 2012, जो भारत के राजप,, असाधारण, भाग II, खंड 3, उपखंड (i) म& (cid:21)कािशत
(cid:30)ई थी, म& िन?न िलिखत और सशं ोधन करती ह,ै अथा6त:्-
उ(cid:26)त अिधसूचना म&,
(क) सारणी म & Bम स.ं 359 और उससे संबिं धत (cid:21)िविE टय(cid:27) के प* चात्, िन? निलिखत Bम स.ं और (cid:21)िविE टयां अंत. थािपत
क(cid:16) जाएंगी, अथा6त:्-
“359क 84 या माHजनल फ(cid:16)(cid:14)ड पोिलसी (एमएफपी) के अधीन िविनKदE ट सिं वदाL शू(cid:3) य शू(cid:3) य 44“;
कोई के अधीन क(cid:16) जान े वाली पेMोिलयम सं$BयाL के संबंध म& अपेिNत
अ(cid:3)य सूची 13 म& िविनKदEट माल ।
अGय ाय
(ख) अनुबंध म,& “शत”6 शीष6 के अधीन शत 6स.ं 44 म& :-
(i) उपवा(cid:26)य (क) म,& “कोयला सं.त र मेथने नीित” शQद (cid:27) के प* चात “माHजनल फ(cid:16)(cid:14) ड पोिलसी के िनबधं न(cid:27) के अनुसार
14 अ(cid:26)त ूबर, 2015 को या उसके प*च ात” शQ द, अंक और अNर अतं :. थािपत $कए जाएंगे ।
(ii) उपवा(cid:26)य (ख) म,& उपखंड (i) म& “कोयला सं. तर मेथने नीित” शQ द(cid:27) के प* चात “या माHजनल फ(cid:16)(cid:14) ड पोिलसी” शQ द
अंत:.थ ािपत $कए जाएंगे ।
70 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(iii) उपवा(cid:26)य (ग) म,& उपखंड (i) म& “कोयला सं. तर मथे ने नीित” शQ द(cid:27) के प* चात “या माHजनल फ(cid:16)(cid:14) ड पोिलसी” शQद
अंत:.थ ािपत $कए जाएंगे ।
[फा. सं. 354/264/2013-टीआरय(ू भाग-I)]
अनुराग सहगल, अवर सिचव
(cid:7)(cid:7)(cid:7)(cid:7)टटटट(cid:9)(cid:9)(cid:9)(cid:9)पप प प णणणण:::: मलू अिधसूचना स.ं 12/2012-सीमा श(cid:14)ु क, तारीख 17 माच,6 2012, सा.का.िन. 185 (अ), तारीख 17 माच,6
2012 (cid:20)ारा भारत के राजप,, असाधारण, भाग II, खंड 3, उपखंड (i) (cid:20)ारा (cid:21)कािशत क(cid:16) गई थी और उसम& अिं तम सशं ोधन
भारत के राजप,, असाधारण, भाग II, खंड 3, उपखंड (i) (cid:20)ारा अिधसूचना स.ं 61/2015-सीमा श(cid:14)ु क, तारीख
30 $दस?ब र, 2015, सा.का.िन. 1020(अ), तारीख 30 $दस?ब र, 2015 (cid:20)ारा $कया गया था ।
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 6th January, 2016
No. 2/2016-Customs
G.S.R. 12(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the
public interest so to do, hereby makes the following further amendments in the notification of the
Government of India in the Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated
the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)
vide number G.S.R. 185(E), dated the 17th March, 2012, namely:-
In the said notification,-
(a) in the Table, after serial number 359 and the entries relating thereto, the following serial number
and the entries shall be inserted, namely :-
“359A 84 or any other Goods specified in List 13 required in Nil Nil 44”;
Chapter connection with petroleum operations
undertaken under specified contracts
under the Marginal Field Policy (MFP).
(b) in the ANNEXURE, in the column under the heading “Conditions”, in Condition No. 44,-
(i) in clause (a), after the words “Coal Bed Methane Policy”, the words, figures and letters, “or
on or after the 14th day of October, 2015 in terms of the Marginal Field Policy” shall be
inserted;
(ii) in clause (b), in sub-clause (i), after the words “Coal Bed Methane Policy”, the words “or
the Marginal Field Policy” shall be inserted;
(iii) in clause (c), in sub-clause (i), after the words “Coal Bed Methane Policy”, the words “or
the Marginal Field Policy” shall be inserted.
[F. No. 354/264/2013-TRU (Pt.-I)]
ANURAG SEHGAL, Under Secy.
Note.- The principal notification No. 12/2012-Customs, dated the 17th March, 2012 was published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated
the 17th March, 2012 and last amended by notification No. 61/2015-Customs, dated the 30th December,
2015, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number
G.S.R 1020(E), dated the 30th December, 2015.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.