Amendment in import policy of fuels, incidental to the import of ship for ship breaking, under Chapter 27 of ITC (HS), 2012 – Schedule – 1 (Import Policy)

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.... of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No. 07 /2015-2020 Dated the 20th May, 2015 Subject: Amendment in import policy of fuels, incidental to the import of ship for ship breaking, under Chapter 27 of ITC (HS), 2012 - Schedule - 1 (Import Policy). S.O. 1357 (E):  In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, r....

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....40 Light diesel oil (LDO) State Trading Enterprise Import allowed through IOC subject to para 2.11 of Foreign Trade Policy. Import allowed through IOC subject to para 2.20 of Foreign Trade Policy (2015-20). However, import of LDO, brought on board in old ships / vessels which are meant for breaking, whether within vessel's machinery/engine or outside (as remnant fuel) and is incidental....