Wait...
  1. Home >
  2. Export Import News >
  3. Import Business News >
  4. India has ended Iranian oil imports: Envoy >
  5. India has ended Iranian oil imports: Envoy

Online Export Import Data Search

Complete Training Video : Click Here

India has ended Iranian oil imports: Envoy.


Date: 24-05-2019
Subject: India has ended Iranian oil imports: Envoy
India has ended all imports of oil from Iran, its ambassador in Washington said, becoming the latest country to comply with the US sanctions.

India had already sharply decreased its imports from Iran and bought one million tonnes (tons) of crude in April, the last month before Washington stepped up its pressure campaign against Tehran and ended all exemptions to sanctions, Ambassador Harsh Vardhan Shringla said.

"That's it. After that we haven't imported any," Shringla told reporters during a briefing on Prime Minister Narendra Modi's election victory.

Shringla said India has also ended all imports from Venezuela because it considered itself a partner of the United States -- but said the shift had caused pain at home, with Iran formerly supplying 10 percent of India's oil needs.

Calling Iran "an extended neighbour" of India with longstanding cultural links, Shringla declined to say if New Delhi shared President Donald Trump's concerns about Tehran.

"This is an issue that has to be dealt with, really, between the United States and Iran. We are only, in many senses, looking at it as a third party," Shringla said.

But he added: "We would not like to see a move towards any escalation in any way in that area, for the simple reason that we depend very heavily on stability in that part of the world."

Trump last year pulled out of a multinational pact under which Iran drastically scaled back its nuclear work in return for promises of sanctions relief.

The Trump administration has instead ramped up economic pressure on Iran and recently deployed military assets including an aircraft carrier strike group to the area.

The United States as of May 2 ended exemptions it had given to eight governments from its unilateral order to stop buying Iranian oil.

Turkey, which enjoyed a waiver and vocally disagreed with the US policy, has also stopped importing oil from Iran, a Turkish official said Wednesday.

State Department spokeswoman Morgan Ortagus welcomed the news from Turkey. "We want the whole world to comply with these sanctions, and we're grateful for our partners and allies that are respecting them," she told reporters.

The Indian ambassador, however, voiced confidence that US sanctions would not affect its partnership in developing Iran's Chabahar port.

India wants to use the port to ship supplies into Afghanistan in a detour from its arch-rival Pakistan, which historically backed the Taliban.

"I think it is in the interest of both our countries and all others concerned to ensure that that lifeline continues for the people of Afghanistan," Shringla said.

Source: moneycontrol.com


Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-06-2019
Notification No. 42/ 2019-Customs (N.T.)
Customs (Supplementary Notice) Regulations, 2019

Date: 18-06-2019
Notification No. 43/2019-Customs(N.T.)
Proper officer for Customs (Supplementary Notice) Regulations, 2019

Date: 17-06-2019
Circular No. 16/2019-Customs
–IGST refunds- mechanism to verify the IGST payments for goods exported out of India in certain cases- reg.

Date: 15-06-2019
Policy Circular No. 23/2015-20
Non-requirement of submission of Hard copy of application at RAs for issue of Advance Authorisation (AA) & EPCG Authorisation

Date: 15-06-2019
ECA Circular No. 24
Administrative Review of Adjudication Orders passed by subordinate officers - regarding.

Date: 15-06-2019
Notification No.16/2019–Customs
Seeks to increase the tariff rate of customs duty on lentils, boric acid and laboratory reagents by amending First schedule to the Customs Tariff Act, 1975 under emergency powers under section 8A of the Customs Tariff Act.

Date: 15-06-2019
Notification No.17/2019-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA.

Date: 14-06-2019
Notification No. 41/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

Date: 14-06-2019
PUBLIC NOTICE NO. 11/2015-2020
Waiving off the requirement of destruction certificate from excise/custom authorities for the unutilised duty free imported material in case of imports from unregistered sources with pre-import conditions.

Date: 14-06-2019
Notification No. 15/2019-Customs
Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 16th May, 2019 to 16th June, 2019.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001