Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

EU Commission to propose scrapping jet fuel tariffs.


Date: 19-10-2013
Subject: EU Commission to propose scrapping jet fuel tariffs
Brussels: The European Commission will propose scrapping tariffs on jet fuel imports starting 1 January, an official said on Friday.

Europe’s struggling aviation sector, fuel traders and oil producers in the Middle East and India feared that a change to the EU’s tariff scheme next year could lead to a 4.7% tariff on jet fuel imports, currently exempt of duty.

The proposal will be submitted on Monday and is expected to be endorsed by representatives of member states, EU official said, speaking on condition of anonymity.

“We have found a technical solution,” the official said.

European demand for jet fuel amounted to 1.2 million barrels per day (bpd) last year, of which one third was imported, most of that from the Middle East, according to the International Energy Agency (IEA) and traders.

India exported an average of 57,500 barrels per day (bpd) of jet fuel per month to the EU in 2012, according to traders.

In June, the European Union said it would impose the duty on imports from Gulf Cooperation Council (GCC) states starting 1 January 2014 after removing the group from the generalised scheme of preferences (GSP), which offers trade advantages to developing economies.

Source : livemint.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: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 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 InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001