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Central Govt. amends policy condition of Crude Oil

Central Govt. amends policy condition of Crude Oil

Central Government amends policy condition of Crude Oil under HS Code 27090010 as shown in the table below:

Tariff Item

HS Code

Item Description

Export Policy

Policy Condition

Revised Policy Conditions

27090010

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.

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