This notification, No. 31/2019-Customs, issued by the Ministry of Finance, Department of Revenue, on September 24, 2019, amends Notification No. 50/2017-Customs, dated June 30, 2017. The amendment, made under the powers conferred by subsection (1) of section 25 of the Customs Act, 1962 (52 of 1962) and subsection (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), inserts a new item (f) under S. No. 404, column 3 of the original notification's table. This new item extends the provisions of the notification to "petroleum operations or coal bed methane operations undertaken under specified contracts under the Hydrocarbon Exploration Licensing Policy (HELP) or Open Acreage Licensing Policy (OALP)." The notification is identified by F. No. 354/130/2019-TRU and signed by Ruchi Bisht, Under Secretary. The principal notification was published as G.S.R. 785(E) on June 30, 2017, and last amended by Notification No. 30/2019-Customs, published as G.S.R. 666(E) on September 17, 2019.
Key Entities Referenced
Ministry of Finance: The ministry responsible for revenue and financial matters.
Department of Revenue: A department under the Ministry of Finance.
New Delhi: The location where the notification was issued, New Delhi, Delhi.
Customs Act, 1962: An act of the Indian Parliament related to customs duties and regulations.
Customs Tariff Act, 1975: An act of the Indian Parliament related to customs tariffs.
Hydrocarbon Exploration Licensing Policy HELP: A policy related to the exploration and licensing of hydrocarbons.
Open Acreage Licensing Policy OALP: A policy related to the licensing of open acreage for exploration activities.
Ruchi Bisht: Under Secretary who signed the notification.
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[फा. स.ं 354/130/2019- टीआरयू]
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4969 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
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MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 24th September, 2019
No. 31/2019–Customs
G.S.R. 684(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962
(52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government, on
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, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the
30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 785(E),
dated the 30th June, 2017, in the said notification, in the Table, against S. No. 404, in column (3), after item (e), the
following item shall be inserted, namely: -
“(f) petroleum operations or coal bed methane operations undertaken under specified contracts under the
Hydrocarbon Exploration Licensing Policy (HELP) or Open Acreage Licensing Policy (OALP)”.
[F. No. 354/130/2019-TRU]
RUCHI BISHT, Under Secy.
Note: The principal notification No. 50/2017-Customs, dated the 30th June, 2017 was published in the Gazette of India,
Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 785 (E), dated the 30th June, 2017 and last
amended vide notification No.30/2019-Customs dated the 17th September, 2019, published in the Gazette of
India, Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 666 (E), dated the 17th September,
2019.
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