Executive Summary:
This notification, dated August 28, 2018, amends Notification No. 25 (2015-2020) dated August 17, 2018, regarding import policy. The amendment removes HS codes 2713 20 00 and 2713 90 00 from the prohibition on petcoke imports, restoring their import policy to "Free". This change is effective immediately.
Key Points / Main Content:
* **Amendment of Notification:** Modifies Notification No. 25/2015-2020, dated August 17, 2018.
* **Import Policy Change:**
* HS codes 2713 20 00 (Petroleum bitumen) and 2713 90 00 (Other residues of petroleum oils or of oils obtained from bituminous minerals) are no longer considered petcoke.
* The import policy for these HS codes is restored to "Free".
* HS codes 2713 11 00 and 2713 12 00 remain prohibited.
Impact Analysis:
**Importers of Petroleum Bitumen and Other Residues of Petroleum Oils:**
* Impact: Can now freely import petroleum bitumen (HS code 2713 20 00) and other residues of petroleum oils or of oils obtained from bituminous minerals (HS code 2713 90 00).
* Action Required: Ensure compliance with the "Free" import policy regulations for these specific HS codes.
**Directorate General of Foreign Trade (DGFT):**
* Impact: Responsible for implementing and enforcing the amended import policy.
* Action Required: Update relevant documentation and systems to reflect the change in import policy for HS codes 2713 20 00 and 2713 90 00.
Key Entities Referenced
Foreign Trade Policy, 2015-2020: A policy document governing import and export regulations.
Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament that provides the legal framework for foreign trade.
Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry in India responsible for implementing the foreign trade policy.
New Delhi: The location of the notification, and the office of the Directorate General of Foreign Trade in Delhi, India.
Notification No. 25/2015-2020: A specific notification related to import/export policy, amended by the current notification.
Petroleum bitumen: A commodity with Exim Code 2713 20 00 whose import policy is restored to 'Free'.
Other residues of petroleum oils or of oils obtained from bituminous minerals: A commodity with Exim Code 2713 90 00 whose import policy is restored to 'Free'.
Alok Vardhan Chaturvedi: Director General of Foreign Trade and Ex officio Additional Secretary.
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5057 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 28 August, 2018
No. 30/2015-2020
Subject: Corrigendum to Notification No. 25/ 2015-2020 dated 17th August, 2018
S.O. 4197(E).—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 notifies
amendment to the Notification No.25/2015-2020 dated 17th August, 2018 vide which import policy of Petcoke under HS
codes 2713 11 00, 2713 12 00, 2713 20 00 and 2713 90 00 were “Prohibited”.
2. In partial modification of Notification No.25/2015-2020 dated 17th August, 2018, since HS codes
2713 20 00 and 2713 90 00 are not Petcokes, these two codes 2713 20 00 (Petroleum bitumen) and 2713 90 00 (Other
residues of petroleum oils or of oils obtained from bituminous minerals) are withdrawn from the ambit of the Notification
No. 25 dated 17th. August, 2018 and import policy of these items i.e Petroleum bitumen (Exim Code 2713 20 00) and
Other residues of petroleum oils or of oils obtained from bituminous minerals (Exim code 2713 90 00) is restored
to ‘Free’.
2. Effect of this Notification: Import policy of Petroleum bitumen under HS code 2713 20 00 and Other
residues of petroleum oils or of oils obtained from bituminous minerals under HS Code 2713 90 00 is 'Free'.
[F.No. 01/93/180/03/AM-10/PC-2(A)/Part-I / e – 5719]
ALOK VARDHAN CHATURVEDI, Director General of Foreign Trade and Ex- officio Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.