1732 the terms assessing officer assessed loss and

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17.3.2 The terms “assessing officer”, “assessed loss”, and “assessment year” shall have the meaning as defined in the Income-tax Act, 1961. 17.3.3 The other terms used herein and defined in Article 1 shall have the meaning therein ascribed. 17.4 The Parties hereby agree that the taxes, duties, cess under but not limited to income tax or corporate tax, are sovereign acts of the Government and are not subject to contract, or any
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44 negotiation, and no representation or assurance in respect thereof is being provided to the Contractor herein. 17.5 The Contractor shall be required to pay Royalty to the Government under the applicable laws in force from time to time. ARTICLE 18 DOMESTIC SUPPLY, SALE, DISPOSAL AND EXPORT OF NATURAL GAS, CRUDE OIL AND CONDENSATE 18.1 Until such time as the total availability of Crude Oil and Condensate and/or Natural Gas from all Petroleum production activities in India meets the total national demand as determined by the Government, each Member of the Contractor, shall sell in the domestic market in India all of the Company’s entitlement to Crude Oil and Condensate and/or Natural Gas from the Contract Area. 18.2 If India attains Self-sufficiency in Natural Gas and/or Crude Oil and Condensate, during any year, the Government shall advise the Contractor accordingly by a written notice. In such an event, domestic sale obligation shall be suspended for such period as may be specified by the Government, and the Contractor/ each Member thereof (if any) shall have the right to lift and export its Participating Interest share of Crude Oil and Condensate and/or Natural Gas during thesaid period, subject to any other extant policy guidelines of the Government applicable from time to time. 18.3 If Self-sufficiency ceases to exist, the position shall revert to domestic sale obligation as outlined inArticle 18.1. 18.4 Each Company comprising the Contractor shall, throughout the term of this Contract, have the right to separately take in kind and dispose of all its share from its Participating Interest and shall have the obligation to lift the said Petroleum on a current basis and in such quantities so as not to cause a restriction of production or inconvenience to the other Company (ies). 18.5 For the purpose of implementing the provisions of this Article, a Crude Oil lifting procedure and Crude Oil sales agreement based on generally acceptable international terms shall be agreed upon by the Contractor with buyer(s) no later than six (6) months or such shorter period as may be mutually agreed between the Contractor and buyer(s) under intimation to the Government prior to the commencement of production in a Field. Such lifting procedure shall be made available to all the Parties to this Contract.
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45 ARTICLE 19 JOINT DEVELOPMENT OF COMMON INFRASTRUCTURE 19.1 The Contractor and other party(ies) having rights over any other block, whether such block lies adjacent to the Contract Area or not, can mutually agree to: (i) terms and conditions of using for their respective Petroleum Operations any
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