Amendment of policy condition of Crude Oil under HS Code 2709 00 10 - 80/2023 - Foreign Trade Policy

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION NO. 80 /2023 New Delhi, the 22 nd March, 2024 Subject: - Amendment of policy condition of Crude Oil under HS Code 2709 00 10 -reg. S.O. (E) - The Central Government, in exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, hereby amends policy condition of Petroleum Crude ( ITC HS code 27090010 ) of ITC HS Export Policy, 2023 , as under:- Tariff Item HS code Item Description Export Policy Policy Condition Revised Policy Conditions 2709 00 10 PETROLEUM CRUDE STE Export through Indian Oil Corporation Limited. Export through Indian Oil Corporation Limited. However, AMI (ADNOC Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their Commercial Stockpile at Mangalore SPR, at their own cost. Effect of this Notification: STE conditions for export of Petroleum Crude ( ITC HS code 27090010 ) for AMI (ADNOC Marketing International (India) RSC Limited India) is exempted and is allowed to re-export crude oil, from their Commercial Stockpile at Mangalore SPR, at their own cost. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-Officio Additional Secretary, Government of India E-mail: [email protected] [Issued from F. No. 01/91/180/21/AM18/EC/Vol-II/e-File- 18994]