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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 ITC (HS) Export Policy - 02/2023 - Foreign Trade Policy
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Export supply obligation: petroleum exports now require domestic supply confirmation and periodic reporting under amended policy. Amendment conditions free export of specified motor gasoline and gas oil HS codes on a self-declaration that a prescribed portion of the Shipping Bill quantity has been or will be supplied in the domestic market during the relevant financial year, requires quarterly returns to the Ministry of Petroleum and Natural Gas, and exempts exports to Bhutan and Nepal and units that are 100% EOUs or in SEZs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
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Export supply obligation: petroleum exports now require domestic supply confirmation and periodic reporting under amended policy.
Amendment conditions free export of specified motor gasoline and gas oil HS codes on a self-declaration that a prescribed portion of the Shipping Bill quantity has been or will be supplied in the domestic market during the relevant financial year, requires quarterly returns to the Ministry of Petroleum and Natural Gas, and exempts exports to Bhutan and Nepal and units that are 100% EOUs or in SEZs.
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