DGFT Amends Export Policy: Company Exempted from Special Trading Conditions to Re-export Crude Oil from Mangalore Reserve.

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....The DGFT issued Notification No. 80/2023, amending the policy condition for the export of crude oil under HS Code 2709 00 10. The amendment exempts AMI (ADNOC Marketing International (India) RSC Limited India) from the Special Trading Entitlement (STE) conditions, allowing them to re-export crude oil from their Commercial Stockpile at Mangalore SPR, at their own cost.....