( 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.
( N.L. LAKHANPAL )
DIRECTOR GENERAL OF FOREIGN TRADE
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).