NOTIFICATION NO. 29/2018, DT. 28/08/2018
Export Policy of Bio-fuels.
S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the export policy of biofuels under Chapter 27 of ITC (HS), 2018, Schedule - 2 (Export Policy).
2. New entries at Sl. No. 115A, 115B and 115C are inserted in Chapter 27 of Schedule 2 of ITC (HS) Classification of Export & Import Items as follows:
|
S.No. |
Tariff Item HS Code |
Unit |
Item Description |
Present Policy |
Revised Policy |
Policy Condition |
|
115A |
22072000 |
Kg/u |
Ethyl alcohol and other spirits, denatured, of any strength. |
Free |
Restricted |
Export is permitted under license only for non-fuel purposes |
|
115B |
27102000 |
Kg/u |
Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, containing biodiesel, other than waste oils. |
Free |
Restricted |
Export is permitted under license only for non-fuel purposes |
|
115C |
38260000 |
Kg/u |
Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils and oils obtained from bituminous minerals. |
Free |
Restricted |
Export is permitted under license only for non-fuel purposes |
3. Effect of this Notification:
Export Policy of bio-fuels is revised from ‘Free’ to ‘Restricted’ as per the National Policy on Biofuels - 2018.
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to the Governnient of India
E-mail: dgft@nic.in
(Issued from F.No. 01/91/180/21/AM-18/EC)
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