Sponsored
    Follow Us:
Sponsored

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi

Notification No. 14/2015-2020 | Dated: 30th June, 2022

Subject: – Amendment in Export Policy of items under HS Codes 27101241, 27101242, 27101243, 27101244, 27101249, 27101941, 27101944 and 27101949 of Chapter 27 of Schedule 2 of the ITC (HS) Export Policy.

S.O. 2985(E).- In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act. 1992 (No 22 of 1992). as amended. read with Para 1.02 and 2.01of the Foreign Trade Policy, 2015-20. the Central Government hereby amends the Export Policy of items under HS Codes 27101241, 27101242, 27101243, 27101244, 27101249, 27101941, 27101944 and 27101949 of Chapter 27 of Schedule 2 of the ITC (HE) Export Policy.

S.No.

HS Codes Description Export Policy Policy Condition
113A 2710 12 41 Motor gasoline conforming to standard
IS 2796, IS 17021 or IS 17076 —Motor
gasoline conforming to standard IS 2796
Free The exporter is required to submit a self – declaration to the concerned Customs authority at the time of export confirming that 50% of quantity mentioned in the Shipping Bill has been /will be supplied in the domestic market during the current
financial year.However, export to Bhutan and Nepal is exempted from this condition.Similarly, this condition is not applicable to
100% EoUs and units in SEZs.

Such exporters are also required to file a
quarterly return to the Ministry of Petroleum and Natural Gas
(MoPNG).

2710 12 42 Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076 —E20 fuel conforming to standard IS 17021
2710 12 43 — Motor gasoline conforming to standard IS 2796,IS 17021, IS 17586 orIS 17076: — — E 12 fuel conforming to standard IS 17586
2710 12 44 — Motor gasoline conforming to standard IS 2796,IS 17021, IS 17586 or IS 17076: — — E 15 fuel conforming to standard IS 17586
2710 12 49 Motor gasoline conforming to standard
IS 2796, IS 17021 or IS 17076 —M15
fuel conforming to standard IS 17076
113 B 2710 19 41 Gas oil and oils obtained from gas oil: Gas Oil Free The exporter is required to submit a self – declaration to the concerned Customs
authority at the time of export confirming that 30% of quantity mentioned in the Shipping Bill has been/ will be supplied in the domestic market during the current financial year.However, export to Bhutan and Nepal is exempted from this condition.Similarly, this condition is not applicable to 100% EoUs and units in SEZs.

Such exporters are also required to file a
quarterly return to the Ministry of Petroleum and Natural Gas (MoPNG).

2710 19 44 Gas oil and oils obtained from gas oil: —
– Automotive diesel fuel, not containing
biodiesel, conforming to standard IS1460
2710 19 49 Gas oil and oils obtained from gas oil: — – High flash high speed diesel fuel conforming to standard IS 16861

2. Effect of this Notification:

Policy condition incorporated against export of items under the above mentioned HS codes.

(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-Officio Additional Secretary. Government of India
E-mail: [email protected]

(Issued from Filo No. 01/91/180/21/AM18/ECNo1-11/E-18994)

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031