Amendment in import policy of biofuels - 27/2015-2020 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Notification No. 27/2015-2020 New Delhi, Dated: 21 August, 2018 Subject: Amendment in import policy of biofuels. 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 import policy of biofuels under Chapter 22 , 27 and 38 of ITC (HS), 2017, Schedule - I (Import Policy) . Exim Code Item Description Present Policy Policy Conditions Proposed Policy Proposed Policy Conditions 2207 20 00 Ethyl alcohol and other spirits, denatured, of any strength. Free Restricted Import is allowed only for non-fuel purposes subject to Actual User condition. 2710 20 00 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 Import is allowed only for non-fuel purposes subject to Actual User condition. 3826 00 00 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils and oils obtained from bituminous minerals. Free Restricted Import is allowed only for non-fuel purposes subject to Actual User condition. Effect of the Notification: Import Policy of bio-fuels revised from 'Free' to 'Restricted' and allowed for non-fuel purpose on Actual user basis as per the National bio-fuel Policy, 4 June 2018. (Alok Vardhan Chaturvedi) Director General of Foreign Trade Ex-officio Additional Secretary, Government of India (F.No. 01/89/180/01/AM-19/PC-2(A)/e- 11101)