ONGC Petro additions (OPaL), a Joint Venture (JV) between ONGC, Gujarat State Petroleum Corporation and Gail at the Dahej SEZ, is working towards getting the domestic tariff area (DTA) access to gain from the lower tax regime now. A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports. Also fewer documentation and monitoring are required in DTA units compared to SEZ units.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
