THE

NATURAL GAS (DEVELOPMENT SURCHARGE)

RULES, 1967

 

In exercise of the powers conferred by section 7 of the Natural Gas (Development Surcharge) Ordinance, 1967 (I of 1967), the Central Government is pleased to make the following Rules, namely :–

1.         Short title. These Rules may be called the Natural Gas (Development Surcharge) Rules, 1967.

2.         Monthly statement. Every company shall, in respect of each calendar month, submit to the Central Government, before the close of the month next following, a statement showing–

(a)       the quantity of natural gas sold ;

(b)       the rates at which the development charge has been calculated; and

3.         Manner and time of payment. Every company shall–

(a)       deposit at the Government treasury the amount of development surcharge payable by it in respect of the sales during a calendar month within two months of the close of that month, and

(b)       submit to the Central Government, within fifteen days of such deposit, a statement showing the amount deposited, the number and date of the treasury challan through which the deposit was made and such other particulars, if any, as the Central Government may direct.

4.         Annual returns. Every company shall, within thirty days of the close of each calendar year, submit to the Central Government a consolidated annual return, certified by their auditors to be correct and true as per company’s books, showing, in respect of each month of that year, the quantity of natural gas sold, the rates at which the development surcharge has been calculated and the amount of such surcharge paid.

5.         Special procedure in relation to the period from 1st June, 1964 to 31st December, 1966. The provisions of Rules 2, 3 and 4 shall not apply to the period commencing on the 1st June, 1964, and ending on the ,31st December, 1966, in respect of which every company shall-

(1)       Submit to the Central Government, on or before the 15th February, 1967, a consolidated statement, showing in respect of each month of that period ;

(a)       the quantity of natural gas sold,

(b)      the rates at which the development surcharge has been calculated; and

(c)       the amount of development surcharge payable ;

(2)       deposit at the Government Treasury, on or before the 15th March, 1967, the amount of development surcharge payable ; and

(3)       submit to the Central Government, on or before the 30th September, 1967, a consolidated return certified by then auditors to be correct and true as per company’s books, showing, in respect of each month, the quantity of natural gas sold, the rates at which the development surcharge has been calculated and the amount of such surcharge.