Gazette Tracker
Gazette Tracker

Core Purpose

Notification amending the policy condition of Petroleum Crude under ITC HS Code 27090010 to exempt AMI (ADNOC Marketing International (India) RSC Limited India) from STE conditions for re-export from its Mangalore SPR stockpile.

Detailed Summary

By Notification No. 80/2023, S.O. 1535(E) dated 22nd March 2024, the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, exercising powers under Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, amended the policy condition of Petroleum Crude (ITC HS code 27090010) under the ITC HS Export Policy, 2023; the revised policy condition retains the requirement of export through Indian Oil Corporation Limited, but additionally exempts AMI (ADNOC Marketing International (India) RSC Limited India) from the State Trading Enterprise (STE) conditions, permitting it to re-export crude oil from its Commercial Stockpile at Mangalore Strategic Petroleum Reserve (SPR), at its own cost; the notification was issued under file number 01/91/180/21/AM18/EC/Vol-II/E-18994 and signed by Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-Officio Additional Secretary.

Full Text

2217 GI/202 4 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY okf.kT; ,oa m|ksx ea=ky; ¼okf.kT; foHkkx ½ ¼fons”k O;kikj egkfuns”kky;½ vf/klwpuk ubZ fnYYkh] 22 ekpZ] 2024 la- 80@2023 fo"k;% ,p,l dksM 27090010 ds rgr dPps rsy dh uhfrxr 'krZ esa la'kksèku ds laca/k esa A dk-vk- 1535¼v½ .—fons”k O;kikj uhfr] 2023 ds iSjk 1 -02 vkSj 2 -01 ds lkFk ifBr] ;Fkk la”kksf/kr fons”k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 ¼1992 dh la - 22½ dh /kkjk 5 ds lkFk ifBr /kkjk 3 }kj k iznÙk “kfDr;ksa dk iz;ksx djrs gq,] dsUnz ljdkj ,rn}kjk vkbVhlh ,p,l fu;kZr uhfr] 2023 ds isVªksfy;e ØwM ¼vkb Vhlh ,p,l dksM 27090010½ dh uhfrxr “krZ esa fuEukuqlkj la”kks/ku djrh gS%& iz”kqYd en ,p,l dksM en fooj.k fu;kZr uhfr uhfrxr “krZ la”kksf/kr uhfrxr ’krZ 2709 00 10 isVªksfy;e ØwM ,lVhbZ bafM;u v‚;y d‚iksZjs'ku fyfeVsM ds ekè;e ls fu;kZrA bafM;u v‚;y d‚iksZjs'ku fyfeVsM ds ekè;e ls fu;kZrA rFkkfi] ,,evkb ¼,Mh,uvkslh ekdsZÇVx baVjus'kuy ¼bafM;k½ vkj,llh fyfeVsM bafM;k½ dks ,lVhà 'krks± ls NwV nh xà gS vkSj mUgsa viuh ykxr ij eSaxyksj ,lihvkj esa vius okf.kfT;d HkaMkj ls dPps rsy dks No. 1466] NEW DELH I, FRIDAY , MARCH 22, 2024 /CHAITRA 2, 194 6 CG-DL-E-23032024-253339 bl vf/klwpuk dk izHkko% ,,evkb ¼,Mh,uvkslh ekdsZÇVx baVjus'kuy ¼bafM;k½ vkj,llh fyfeVsM bafM;k½ gsrq isVªksfy;e ØwM ¼vkb Vhlh ,p,l dksM 27090010½ ds fu;kZr ds fy, ,lVhà 'krks± esa NwV nh xà gS vkSj mUgsa viuh ykxr ij eSaxyksj ,lihvkj esa vius okf.kfT;d HkaMkj ls dPps rsy dks fQj ls fu;kZr djus dh vuqefr gSA [Qk- la- 01@91@180@21@,,e18 @bZlh@[kaM&II@bZ&18994] larks"k dqekj lkj axh] egkfuns'kd] fons'k O;kikj ,oa insu vij lfpo] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce ) (DIRECTORATE GENERAL OF FOREIGN TRADE ) NOTIFICATION New Delhi, the 22 nd March, 2024 No. 80/2023 Subject:— Amendment of policy condition of Crude Oil under HS Code 270900 10 -reg. S.O. 1535 (E).: — The Central Government, in exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 19 92), as amended, read with Para 1.0 2 and 2.01 of the Foreign Trade Polic y, 2023, hereby amends policy condition of Petroleum Crude (ITC HS code 27090010) of ITC HS Export Policy, 2023, as under : - Tariff Item HS code Item Description Export Policy Policy Condition Revised Policy Conditio ns 2709 00 10 PETROLEUM CRUDE STE Export through Indian Oil Corporation Limited. Export through Indian Oil Corporation Limited. However, AMI (ADNOC Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their Commerc ial Stockpile at Mangalore SPR, at their own cost. Tariff Item HS code Item Description Export Policy Policy Condition Revised Policy Conditions 2709 00 10 PETROLEUM CRUDE STE Export through Indian Oil Corporation Limited. Export through Indian Oi l Corporation Limited. However, AMI (ADNOC Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re -export crude oil from their Commercial Stockpile at Mangalore SPR, at t heir own cost. Effect of this Notifi cation: STE conditions for export of Petroleum Crude (ITC HS code 27090010) for AMI (ADNOC Marketing International (India) RSC Limited India) is exempted and is allowed to re -export crude oil, from their Commercial S tockpile at Mangalore SPR, at their ow n cost. [F.No. 01/91/18 0/21/AM18/EC/Vol -II/E-18994 ] SANTOSH KUMAR SARANGI , Director General of Foreign Trade , & Ex-Officio Add l. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free