NTF. NO. 08/1998, DT. 13/07/1998
- Document type
- Circular
- Reference no.
- B
- Dated
CRUDE OIL/FURNACE OIL.
Crude oil/Furance Oil
Crude Oil import allowed freely to private & joint sector refineries
Furnace oil import off the canalised list-Allowed Freely
In Export and Import Policy, Paragraph 15.3, Sl . No. 1 of Part III of Chapter 15 of Negative List of Imports shall be substituted as under:-
| Sl.No | Description of items | Canalising agency |
| 1 | Petroleum products, namely, a) Aviation Turbine fuel b) Motor Spirit c) High Speed Diesel d) Bitumen (asphalt)-paving grade; and e) Crude Oil | Indian Oil Corporation Limited However, Private and Joint Sector refineries can import crude oil freely without an import licence for actual use in their own refineries. |
In ITC(HS) Classifications of Export and Import Items in respect of following Exim Code Nos. the columns 3, 4 and 5 shall be amended to read as under:-
| EXIM Code | Item Description | Policy | Conditions relating to the policy | Import under SIL/ Public Notice |
| 270900 00 | Petroleum oils and oils obtained from bituminous minerals, crude | Canalised | Import through Indian Oil Corporation Limited. However, Private and Joint Sector refineries can import crude oil freely without an import licence for actual use in their own refineries. | |
| 27100039.10 | Furnace oil (except low sulphur heavy stock/ low sulphur waxy residues) | Free | ||
This issues in public interest.