Explanation-IV

Explanation -IV:- For the purpose of items 2, 3, 4 and 5 a sale by one oil company to another oil company shall not be deemed to be the first sale in the State. Accordingly any sale by one oil company to any other person (not being an oil company) shall be deemed to be the first sale in the State. Note: The expression „oil company‟ in this Explanation means,- (a) Hindustan Petroleum Corporation Limited (b) Indian Oil Corporation Limited (c) Bharat Petroleum Corporation Limited (d) Indo-Burma Petroleum Company Limited (e) Chennai Petroleum Corporation Limited (f) Reliance Industries (g) Reliance Petro Marketing Private Ltd., (h) Reliance Petroleum Private Limited (i) Oil and Natural Gas Commission; and (j) Such other oil company as the Government may from time to time, by notification in the Gazette specify in this behalf. (k) Shell India Marketing Private Limited (l) M/s Essar Oil Limited (m) Numaligarh Refinery Limited (n) M/s. Shell MRPL Aviation Fuels and Services Private Limited.