 "An Oil and Natural Gas Corp's (ONGC) well is pictured in an oil field on the outskirts of Ahmedabad")
The Ministry of Petroleum & Natural Gas has rubbished reports on Centre seeking to review the windfall tax for certain oil fields and blocks. The Hardeep Singh Puri-led Ministry on Tuesday said the reports are misleading.
The Ministry sought exemption in the levy of Special Additional Excise Duty (SAED) in a letter to the Finance Ministry in August, some reports said.
The exemption from the two-and-half-month old levy had been sought for the oil field or blocks which were bid out to companies under Production Sharing Contract (PSC) and Revenue Sharing Contract (RSC).
