FTP - Import policy of fuels, incidental to the import of ship for ship breaking

By Vijay Kumar

GOVERNMENT has amended the Import Policy of fuels, incidental to the import of ship for ship breaking, under ITC (HS) code 2710 1930 and 2710 1940 of Chapter 27 of ITC (HS), 2012 - Schedule - 1 (Import Policy).

Now, the Import of High Speed Diesel (HSD) and Light diesel oil (LDO), brought on board in the old ships / vessels for purpose of breaking, and which are incidental to such ships / vessels, is "free".

DGFT Notification No.07/2015-2020., Dated: May 20, 2015