FINANCE DEPARTMENT

Madam Kama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, Dated the 29th February 2012.

NOTIFICATION

THE MAHARASHTRA VALUE ADDED TAX ACT, 2002, 

No.VAT 1512/CR-18/Taxation-1. In exercise of the powers conferred by clause (a) of sub-section (4) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mat. IX of 2005) and in supersession of the Government Notification, Finance Department, No.VAT.1506/CR-135-A/ Taxation-1, dated the 30th November 2006, the Government of Maharashtra hereby, with effect from 1st March 2012, exempts from payment of tax in excess of five per cent of the turnover of sales, of motor spirits and petroleum products made by any of the oil companies mentioned in column (2) of the Schedule appended herewith, subject to the conditions and restrictions specified in column (3) of the said schedule, to any other oil company mentioned in the said list, namely :—

Schedule

Sr.

No.

(1)

Name of the Company

 

(2)

Conditions and Restrictions

 

(3)

1.      

The Indian Oil Corporation Limited, The exemption accorded by this notification shall not be available if the said goods are used in the manufacturing or used for self consumption.

 

2.      

The Bharat Petroleum Corporation Limited,

3.      

The Hindustan Petroleum Corporation Limited,

4.      

The I.B.P. Limited,

5.      

The Kochi Refineries Limited,

6.      

The Mangalore Refineries and Petrochemicals Limited,

7.      

The Tide Water Oil Company ( India ) Limited,

8.      

The Oil and Natural Gas Corporation,

9.      

The Chennai Petroleum Corporation Limited,

10.             

The Essar Oil Limited.

 By order and in the name of the Governor of Maharashtra,

O. C. BHANGADIYA

Deputy Secretary to Government.

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