[To be published in the Gazette of
India Extraordinary Part-II, Section-3, Sub-Section (ii)]
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan New Delhi
Notification No. 80/2023
New Delhi, Dated: 22th
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
Email: dgft@nic.in
(Issued from F.No. 01/91/180/21/AM18/EC/Vol-II/e-File- 18994)