The Oil Industry (Development) Act, 1974

THE SCHEDULE

[See section 15 (1)]

Sl. No. Name of item The maximum rate at which duty of excise may be

collected

1. 2 3

1. Crude oil  .     .      .      .      .       .      .
1[Rupees two thousand five hundred per tonne.]

2. Natural gas  .     .      .      .       .      .      .
2[Rupees three hundred per thousand cubic maters.]

1. Subs. by Act 21 of 2006, s. 73, for “Rupees two thousand per tonne” (w.e.f. 18-4-2006).

2. Subs. by Act 11 of 1987, s. 106, for “Rupees fifty per thousand cubic metres” (w.e.f. 12-5-1987).

THE SCHEDULE

[See section 15 (1)]

Sl. No. Name of item The maximum rate at which duty of excise may be

collected

1. 2 3

1. Crude oil  .     .      .      .      .       .      .       1[Rupees two thousand five hundred per tonne.]

2. Natural gas  .     .      .      .       .      .      .       2[Rupees three hundred per thousand cubic meters.]

1. Subs. by Act 21 of 2006, s. 73, for “Rupees two thousand per tonne” (w.e.f. 18-4-2006).

2. Subs. by Act 11 of 1987, s. 106, for “Rupees fifty per thousand cubic metres” (w.e.f. 12-5-1987).