Gasoline Exports subject to 50% Quota to Domestic Market

·         Cheap Russian Crude Diverted to Domestic Market including Nepal and Bhutan

·         EoU and SEZ Exempted

[DGFT Notification No.14/2015-2020 dated 30 June 2022]

Effect of this Notification: Policy condition incorporated against export of items under the above mentioned HS codes.

Subject  - Amendment In Export Policy of items under  HS Codes  27101241, 27101242, 27101243,  27101244, 27101249, 27101941, 27101944, and 27101949 of Chapter 27 of Schedule 2 of the lTC (HS) Export Policy.

S.O. (E) 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 2.01of the Foreign Trade Policy 2015-20, the Central Government hereby amends the Export Policy  of items  under HS Codes 27101241, 27101242, 27101243, 27101244, 27101249, 27101941, 27101944 and 27101949 of Chapter 27 of Schedule 2 of the ITC (HS) Export Policy.

S.No

HS Codes

Description

Export Policy

Policy Condition

113A

2710 12 41

Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076: ---- Motor gasoline conforming to standard IS 2796

Free

The exporter s required to submit a self-declaration to the concerned Customs authority at the time of export confirming that 50% of quantity mentioned in the Shipping Bill has been/will be supplied in the domestic market during the current financial year.

However, export to Bhutan and Nepal is exempted from this condition.

Similarly, this condition is not applicable to 100% EoUs and Units in SEZs.

Such exporters are also required to file a quarterly return to the Ministry of Petroleum and Natural Gas (MoPNG).

2710 12 42

Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076: ---- E 20 fuel conforming to standard IS 17021

2710 12 43

Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076: ---- E 12 fuel conforming to standard IS 17586

2710 12 44

Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076: ---- E 15 fuel conforming to standard IS 17586

2710 12 49

Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076: ---- M15 fuel conforming to standard IS 17076

113B

2710 19 41

Gas oil and oils obtained from gas oil: ---- Gas oil

Free

The exporter s required to submit a self-declaration to the concerned Customs authority at the time of export confirming that 50% of quantity mentioned in the Shipping Bill has been/will be supplied in the domestic market during the current financial year.

However, export to Bhutan and Nepal is exempted from this condition.

Similarly, this condition is not applicable to 100% EoUs and Units in SEZs.

Such exporters are also required to file a quarterly return to the Ministry of Petroleum and Natural Gas (MoPNG).

2710 19 44

Gas oil and oils obtained from gas oil: ---- Automotive diesel fuel, not containing biodiesel, conforming to standard IS 1460

2710 19 49

Gas oil and oils obtained from gas oil: ---- High flash high speed diesel fuel conforming to standard IS 16861

[Issued from File No. 01/91/180/21/AM18EC/Vol.II/E-18994]