ISLAMABAD – The Petroleum Division (PD) has announced that it has directedthe gas utility companies to recover the first installment of the collectedGas Infrastructure Development Cess (GIDC) from industrial and commercialconsumers in the month of September.
“The Petroleum Division has started implementing on the Supreme Court’sAugust 13 decision about GIDC Act-2015,” the PD said on its officialTwitter account.
As per the apex court’s verdict, it said the directives had been passed togas companies [SNGPL & SSGC) to recover the collected Cess (levy) in 24installments.
In a landmark judgment on August 13, the apex court had rejected theappeals of several companies and directed them to pay Rs. 417 billion GIDCto the government.
The Petroleum Division said that the recovered amount will be utilized inexecution of gas infrastructure development projects, which were beingsupervised by its top leadership.
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The PD condemned negative propaganda carried out in media against theMinistry and Special Assistant to Prime Minister on Petroleum, Nadeem Babar.
The ministry strongly refuted such stories and was of the view that theapex court judgment was a win-win case for both the government and theindustry as “it gives an opportunity of six months to the government tostart gas infrastructure development projects by utilizing the amountcollected under this act.”
