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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..... 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, read with paragraph 1.02 and 2.01 of the For .....

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..... hrough 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 to such ships / vessels, is "free". 2. Effect of this Notification: Import o .....

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