Hydrocarbon Vision 2030 (ஹைட்ரோகார்பன் தொலைநோக்கு ஆவணம் 2030)

Annexure III: Tax structure in existing PSCs
Onshore blocks
Shallow water
Offshore (deep water and
frontier blocks)
Exploration period 7 years (4+3) 7 years (4+3) 8 years (5+3)
PEL & PML 20 years; extended by 5 20 years; extended by 5 20 years; extended by
years or 10 years in case years or 10 years in 5 years or 10 years in
of a gas discovery case of a gas discovery case of a gas discovery
Royalty 12.5% oil and 10% natural 12.5% oil and 10% natural 5% for crude oil and
gas gas Natural gas both.
Tax rates 100% deduction on 100% deduction on 100% deduction on
exploration, capital costs exploration, capital costs exploration, capital costs
Tax holiday
Companies with oil
production get a 7 year
tax holiday (section 80
IB of IT Act)
Companies with oil
production get a 7 year
tax holiday (section 80
IB of IT Act)
Companies with oil
production get a 7 year
tax holiday (section 80
IB of IT Act)
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