Amendment of policy condition of Crude Oil
Amendment of policy condition of Crude Oil under HS Code 2709 00 10 – Notification No. 80/2023
S.O. (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 1 992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 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 Conditions |
| 2709 00 10 | PETROLEUM CRUDE | STE | Fxport 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 mom their Commercial Stockpile at Mangalore SPR, at their own cost. |
Effect of this Notification: 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 Stockpile at Mangalore SPR, at their own cost.
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