NTF NO. 27/2003, DT. 13/01/2004

Chapter-27, Licensing Notes - Import of Naptha is free

S.O. (E) - In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 2.1 and 4.1 of the Export and Import Policy, 2002-07, as amended from time to time, the Central Government hereby makes the following amendments in Chapter-27-Licensing Notes of the ITC(HS) Classifications of Export and Import Items, 2002-07 published on 31st March, 2002 as amended from time to time:

Import Licensing Note(1) will read as:

Import of Naptha is free. The provisions as stipulated for import of Naptha for use in the power sector vide Public Notice No.57 (PN)/1997-2002 dated 5th December, 1997 stands withdrawn with immediate effect and the withdrawal will be applicable only prospectively from the date of issue of this Notification. Further, the above change will not alter the position of applicability of the provisions of other statutory provisions relevant to the subject.

This issues in Public Interest.

(L.MANSINGH)
Director General of Foreign Trade and ex-officio
Additional Secretary to the Government of India

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