| Date: |
13-07-1998
|
| Notification No: |
DGFT Notification No 8/1998
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
|
| Subject: |
Amendments in "ITC (HS) Classifications of Export and Import Items" & Exim Policy
|
|
Amendments in "ITC (HS) Classifications of Export and Import
Items" & Exim Policy
Notification
No. 8 dated 13th July 1998
In
exercise of the powers conferred by section 5 of the Foreign Trade
(Development and Regulation) Act, 1992
(No. 22 of 1992) read with paragraphs 1.3 and 4.1 of Export and Import
Policy, 1997-2002 the Central Government hereby makes the following amendments
in Export And Import Policy, 1997-2002 (incorporating
amendment made upto 13.4.1998) and ITC (HS) Classifications of Export and Import
Items 1997-2002, published on 31st March, 1997 and as amended from
time to time.
In
Export and Import Policy, Paragraph 15.3, Sl. No. 1 of Part III of Chapter 15 of
Negative List of Imports shall be substituted as under:
|
Sl.
No
|
Description
of items
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Canalising
agency
|
|
1
|
Petroleum
products, namely,
|
Indian
Oil Corporation Limited
|
|
a)
Aviation Turbine fuel
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|
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b)
Motor Spirit
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|
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c)
High Speed Diesel
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|
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d)
Bitumen (asphalt) � paving
grade; and
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|
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e)
Crude Oil
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However,
Private and Joint Sector refineries can import crude oil freely without an
import licence for actual use in their own refineries.
|
In
ITC (HS) Classifications of Export
and Import Items in respect of following Exim Code Nos. the columns 3, 4 and 5
shall be amended to read as under:
|
EXIM
Code
|
Item
Description
|
Policy
|
Conditions
relating to the policy
|
Import
under SIL/ Public Notice
|
|
27090000
|
Petroleum
oils and oils obtained from bituminous minerals, crude
|
Canalised
|
Import
through Indian Oil Corporation Limited. However, Private and Joint Sector
refineries can import crude oil freely without an import licence for
actual use in their own refineries.
|
|
|
27100039.10
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Furnace
oil (except low sulphur heavy
stock/ low sulphur waxy residues)
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Free
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|
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This issues in public
interest.
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