Naptha Import allowed to power sector as fuel

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.... of Export and Import Policy, 1997-2002, the Central Government hereby makes the following amendments in the Export and Import Policy, 1997-2002 and ITC(HS) Classifications of Export and Import items 1997-2002, published on 31st March, 1997 and as amended from time to time. 1. In Export and Import policy in Chapter 15, Part II, Paragraph 15.2, section I, Miscellaneous items, Entry at Sl. No. 12....

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....ed to read as under:- EXIM Code Item Description Policy Condition relating to the Policy Import under SIL / Public Notice 27100001.30 Naphtha Restricted   (i)Import permitted without a licence subject to the condition that the importer shall sell the return stream of naphtha to crude oil refineries only. The sale will be on commercial terms as may be settled betw....