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Recommendations

Recommendations on Policy Issues

  1. Submitted to Secretary, MoP&NG in November 2017 on Market and Price freedom for Domestic Natural Gas
  1. Submitted to Finance Secretary, MoF in November 2017 on Issues faced by Oil & Gas Industry post GST rollout
  1. Submitted to Finance Secretary, MoF, Departement of Revenue in November 2017 on OID Cess on Crude Oil produced in India
  1. Submitted to Joint Secretary, CBEC in September 2017 on Incidence of Double Duty Taxation on Auto Fuels from SEZ Refinery
  1. Submitted to Secretary, MoP&NG in September 2017 on Price Review on Natural Gas produced Domestically from Existing Fields
  1. Submitted to Revenue Secretary, Department of Revenue, Ministry of Finance in September 2017 on Purchase of Non-GST goods against Form C for use in the manufacture or processing of GST and/or Non-GST goods Sec 8(3)(b) of CST ACT, 1956
  1. Submitted to Revenue Secretary, Department of Revenue, Ministry of Finance in August 2017 on Request for clarification on the scope of 'Petroleum Crude' that is excluded from the levy of GST
  1. Submitted to Revenue Secretary, Department of Revenue, Ministry of Finance in July 2017 on Issues faced by Oil and Gas Industry post GST rollout
  1. Submitted to Joint Secretary, CBEC in July 2017 on Taxation Laws (Amendment) Act, 2017
  1. Submitted to JS - TRU 1, CBEC in June 2017 on Amendments to Excise Notifications - Exemption from excise duty on Ethanol Blended Motor Spirit and Blend of High Speed Diesel & Bio-Diesels
  1. Submitted to Cheif Commisionar (AR), CESTAT in June 2017 on 'GST on Liquefied Petroleum Gas'
  1. Submitted to Joint Secretry (Exploration), MoP&NG in June 2017 on 'GST and concerns of the oil industry'
  1. Submitted to Joint Secretary, CBEC in May 2017 on 'Service tax on transportation of goods by cessel by foreign shipping lines'
  1. Submitted to Chief Commissioner (AR), CESTAT in May 2017 on 'GST and the concerns of Oil & Gas sector'
  1. Submitted to Revenue Secretary, Ministry of Finance in April 2017 on 'GST and the concerns of Oil & Gas sector'
  1. Submitted to Chief Commissioner (AR), CESTAT in April 2017 on 'Constitution of GST Working Group to address the concerns of the Trade and Industry'
  1. Submitted to Secretary, MoP&NG; Revenue Secretary, Ministry of Finance; in February 2017 on 'Oil & Gas Industry fiscal issues'
  1. Submitted to Secretary, MoP&NG; Revenue Secretary, Ministry of Finance; in January 2017 on 'GST - Inclusion of Petroleum and Hydrocarbon Industry'
  1. Submitted to Secretary, MoP&NG in December 2016 on 'Price Review of Natural Gas produced domestically from existing field'
  1. Submitted to Revenue Secretary, Ministry of Finance in December 2016 on 'OID Cess on Indigenous Crude Oil'
  1. Submitted to Member (CBEC), Department of Revenue, Ministry of Finance in December 2016 on 'Exice Duty on Branded HSD - Pre-Budget Memorandum 2017-18'
  1. Submitted to Joint Secretary, Prime Minister's Office in November 2016 on 'Service Tax on Royalty & GST'
  1. Submitted to Joint Secretary (E) MoP&NG; DG, DGH; Advisor(Energy), Niti Aayog inNovember 2016 on 'Gas Hydrates - Exploration and Production'
  1. Submitted to Joint Secretary (E), MoP&NG; in October 2016 on 'The Changing Exploration Landscape of India: Breakthrough Ideas'
  1. Submitted to Chairman, CBEC in September 2016 on Subsuming CST to GST
  1. Submitted to Secretary, MoP&NG; Chairman, CBEC, Ministry of Finance and Secreatry (Revenue), Minsitry of Finance in July 2016 on Constitution Amendments and GST Bill
  1. Submitted to Additional Secretary & Finance Advisor, MoP&NG in June 2016 on Clarification on Non-applicability of Service Tax on Transactions between UJV under PSC and its members for Petroleum Operations
  1. Submitted to Member, CBEC in June 2016 on Levy of Service Tax on Royalties
  1. Submitted to Joint Secretary (TRU-I), Ministry of Finance and Additional Secretary & Finance Advisor, MoP&NG in May 2016 on Incidence of Double Duty Taxation on Auto Fuels from SEZ Refinery
  1. Submitted to Secretary, MoP&NG and Revenue Secretary, Ministry of Finance in May 2016 on Service Tax on Services provided by the Government or Local Authorities to business Entities
  1. Submitted to Secretary, MoP&NG and Revenue Secretary, MoF in February, 2016 and September, 2015 for reduction in OID Cess on Crude Oil produced in India in view of falling crude oil prices and levying it on ad-valorem basis.
  1. Submitted to Secretary, MoP&NG in January 25, 2016 expressing apprehension on re-introduction of Customs duty on crude oil
  1. Submitted to MoP&NG to ramp up CBM Production in the country in January 08, 2016.
  1. Submitted to Secretary, MoP&NG and Revenue Secretary, MoF for reduction of cess on Crude Oil and utilisation of additional Excise on Petrol & Diesel for development of oil industry in January 05, 2016.
  1. Submitted a Comments/ Recommendation on the draft specification of commercial gasoline and diesel to Ministry of Road Transport and Highways in December 26, 2015.
  1. Submitted to MoP&NG on Auto Fuel Policy - Specification of BS V Diesel to December 17, 2015
  1. Industry views/comments on New Fiscal & Contractual Regime for Award of Hydrocarbon Acreages sent to MoP&NG on November 30, 2015 in response to the consultation paper put up by government.
  1. Submitted to NITI Aayog ‘Note covering Oil & Gas Recommendations’ for the National Energy Policy in November 2015.
  1. Submitted to consolidated recommendations to MoP&NG in April 2015 along with AOGO, FICCI AND CII on ‘Ease of Doing Business in India’ and the actions required to be taken in this context to ensure the success of ‘Make in India’ programme.
  1. Submitted to the Ministry of Corporate Affairs and the Institute of Chartered Accountants of India for carve outs in AS-2 on Valuation of Inventories because of fluctuating crude oil prices in April 2015.
  1. Submittted to DG, DGFT on Refund of Terminal Excise Duty on Supply of HSD for Petroleum Operations in Oil & Gas Exploration - Para 8.2 (f) of foreign Trade Policy (FTP) in February 2015.
  1. Submitted to Ministry of Corporate Affairs and the Chairman, Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India in August 2014 on requesting for permitting LIFO as an option for valuation of inventory while notifying Ind AS-2.
  1. Submitted to Secretary, MoP&NG in March 2014 on ‘Suggestions on Role of Upstream Regulator in India'
  1. Submitted to Joint Secretary (TRU-I), CBEC, Depatment of Revenue, MoF in March 2014 on Incidence of Double Duty Taxation on Auto Fuels from SEZ Refinery.
  1. Submitted to Secretary, MoP&NG and Revenue Secretary, MoF in February 2013 on OID Cess
  1. Submitted to Secretary, MoP&NG in February 2013 on 'Report of the Committee on the PSC mechanism in Petroleum Industry - Approach to Gas Pricing'
  1. Submitted to Secretary, Ministry of Shipping in May 2012 on 'Draft Capativ use Policy'.
  1. Submitted to Director General of Foeign Trade, DGFT in November 2011 on Deemed export benefit on supply of fuels for petroleum operations
  1. Submitted to Secretary, MoP&NG in October 2011 on ‘India's Roadmap for Sustainable Aviation Fuel'.
  1. Submitted to Secretary, MoP&NG in September 2011 on Inclusion of Petroleum Products in GST