( TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB-SECTION (ii) )

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE

NOTIFICATION NO. 8 (RE-98)/97-02,

NEW DELHI : DATED THE 13th JULY, 1998

S.O. (E) – In exercise of the powers conferred by section 5 of the Foreign Trade (Development and Regulation ) Act, 1992 (No. 22 of 1992) read with paragraphs 1.3 and 4.1 of Export and Import Policy, 1997-2002 the Central Government hereby makes the following amendments in Export And Import Policy, 1997-2002 (incorporating amendment made upto 13.4.1998) and ITC(HS) Classifications of Export and Import Items 1997-2002, published on 31st March, 1997 and as amended from time to time.

In Export and Import Policy, Paragraph 15.3, Sl . No. 1 of Part III of Chapter 15 of Negative List of Imports shall be substituted as under:-

Sl. No Description of items Canalising agency
1 Petroleum products, namely, Indian Oil Corporation Limited
  a) Aviation Turbine fuel  
  b) Motor Spirit  
  c) High Speed Diesel  
  d) Bitumen (asphalt) – paving grade; and  
  e) Crude Oil However, Private and Joint Sector refineries can import crude oil freely without an import licence for actual use in their own refineries.

In ITC(HS) Classifications of Export and Import Items in respect of following Exim Code Nos. the columns 3, 4 and 5 shall be amended to read as under:-

EXIM Code Item Description Policy Conditions relating to the policy
270900 00 Petroleum oils and oils obtained from bituminous minerals, crude Canalised Import through Indian Oil Corporation Limited. However, Private and Joint Sector refineries can import crude oil freely without an import licence for actual use in their own refineries.
27100039.10 Furnace oil (except low sulphur heavy stock/ low sulphur waxy residues) Free  

This issues in public interest.

Sd/-

( N.L. LAKHANPAL )

DIRECTOR GENERAL OF FOREIGN TRADE

AND EX-OFFICIO

ADDITIONAL. SECRETARY TO THE GOVT. OF INDIA

Copy to all concerned;

By Order etc.

(RAJAN SUDESH RATNA )

DY. DIRECTOR GENERAL OF FOREIGN TRADE

(Issued from File No. IPC/4/5/(684)/97-02).

 

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