No licence needed for transport or storage of limited quantities of certain petroleum

Notwithstanding anything contained in this Chapter, a person need not obtain in licence for the transport or storage of; (i) Petroleum having a flashpoint to twenty three degrees Celsius if the total quantity in his pm session at any one place does not exceed two thousand five hundred litres and none of it is contained in a receptacle exceeding one thousand litres in capacity, or (ii) petroleum having a flashpoint of sixty-five degrees Celsius and above but below ninety-three celsius, Explanation: In this Act “flashpoint” of any petroleum means the lowest temperature at which it yields a vapour which will give a momentary flash when ignited, determined in accordance with the provisions of Chapter VII and the rules made thereunder.