SCHEDULES
SCHEDULE 3 Petroleum Revenue Tax: Miscellaneous Provisions
Aggregate market value of oil for purposes of section 2(5)
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1
For the purposes of subsection (5) of section 2 of this Act, the aggregate market value of any oil falling within paragraph (b) or (c) of that subsection is arrived at as follows.
2
In the case of oil falling within paragraph (b) of that subsection and delivered as there mentioned in the chargeable period in question—
a
for each delivery, find (in accordance with paragraph 2 above (read, where applicable, with paragraph 2A above)) the market value of the quantity of oil delivered, and
b
aggregate the market values so found.
3
In the case of oil falling within paragraph (c) of that subsection and appropriated as there mentioned in the chargeable period in question—
a
for each appropriation, find (in accordance with paragraph 2 above (read, where applicable, with paragraph 2A above)) the market value of the quantity of oil appropriated, and
b
aggregate the market values so found.