DGFT Policy Circular No-14/2007 dated
3.10.2007
Duty free import of fuel under Advance Authorisation Scheme -
clarification regarding
Attention is invited to the conditions stipulated in
the General Note for Fuel contained in the Standard Input Output Norms(SION) (HBP
VOL.II) according to which duty free import of fuel shall be allowed as per the
quantity indicated in the relevant SION. However, in cases where fuel has not
been specifically included in the SION, duty free imports of fuel shall also be
allowed under Advance Authorization subject to the condition given in the FTP/HBP
VOL.I & VOL.II as per the percentage rate indicated in the General Note for
Fuel. For the purpose of import of fuel under Advance Authorization, the
applicant shall indicate the name of the specific fuel sought for import in
their application.
In this regard it is clarified that duty free import of fuel against SION shall
be allowed as per the description and quantity indicated in the relevant SION.
The FOB value restriction mentioned in General Note for Fuel in HBP, VOL.II will
not apply in the case of import of fuel allowed under SION, unless specifically
mentioned in the SION
This issues with the approval of DGFT.Sd/-
(TAPAN MAZUMDER)
Jt. Director General of Foreign Trade
(Issued from File No.01/94/180/678/AM08 PC-I)
ieport.com - India's Premier portal on DGFT
matters