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of <h1>India Amends Import Policy: Free Import of Diesel Fuels for Ship Breaking under Chapter 27 of ITC (HS), 2012.</h1> The Government of India has amended the import policy for fuels related to ship breaking under Chapter 27 of the ITC (HS), 2012. The revised policy allows the free import of High Speed Diesel (HSD) and Light Diesel Oil (LDO) brought on board old ships or vessels intended for breaking. Previously, these imports were regulated under specific conditions through State Trading Enterprises and the Indian Oil Corporation. The amendment specifies that such fuels, whether within the vessel's machinery or as remnant fuel, are now freely importable when incidental to ship breaking activities.
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