All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii))
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No 50 (RE – 2013)/2009-2014
New Delhi, Dated : 11 November, 2013
Subject: Exemption from the requirement of NOC for export of Kerosene and Liquified Petroleum Gas (LPG) by Indian Oil Corporation Ltd to Nepal & Bhutan.
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government, with immediate effect, hereby re-notifies Chapter 27 of Schedule 2 of ITC(HS) Classification of Export and Import Items.
2. The existing entries in the Nature of Restriction against Sl. No. 114 & Sl. No. 115 in Chapter 27 of Schedule 2 of ITC(HS) Classification of Export and Import Items are being substituted. Accordingly, the amended entries in Chapter 27 would be as follows:
Chapter 27
Mineral Fuels; Mineral Oils and Products of their Distillation; Bituminous Substances; Mineral Waxes
| S.No. | Tariff Item HS Code | Unit | Item Description | Export Policy | Nature of Restriction |
| 113 | 27090000 | Kg | Crude Oil | STE | Export through Indian Oil Corporation Limited |
| 114 | 27101910 | Kg | Kerosene | Free | Export allowed subject to obtaining NOC from Ministry of Petroleum & Natural Gas. The above condition would not be applicable for export of Kerosene to Nepal & Bhutan by the Indian Oil Corporation Ltd. |
| 115 | 27111900 | Kg | Liquefied Petroleum Gas (LPG) | Free | Export allowed subject to obtaining NOC from Ministry of Petroleum & Natural Gas. The above condition would not be applicable for export of Liquefied Petroleum Gas (LPG) to Nepal & Bhutan by the Indian Oil Corporation Ltd. |
3. Effect of this notification:
Export of Kerosene and LPG to Nepal & Bhutan by Indian Oil Corporation has been exempted from the requirement of NOC from Ministry of Petroleum & Natural Gas.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft[at]nic[dot]in
(Issued from F.No.01/91/180/204/AM14/Export Cell)
