Budget 2012: Discontinue National Calamity Contingent Duty on crude oil, says FIEO

The Planning Commission, in its Integrated Energy Policy says that energy prices in the country should be internationally aligned.

NEW DELHI: FIEO has demanded that the National Calamity Contingent Duty (NCCD) on crude oil imported - NCCD on crude oil imported imposed in 2001 for oil imports under advance authorization/DFIA due to Gujarat earthquake @ Rs 51 per MT be discontinued.

The Planning Commission, in its Integrated Energy Policy says that energy prices in the country should be internationally aligned.

Ahluwalia said private investments in oil and gas sector have significant contributions and stressed on the need to treat production of gas at par with crude oil.
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Business News › Industry › Energy › Oil & Gas › Budget 2012: Discontinue National Calamity Contingent Duty on crude oil, says FIEO
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