The Directorate General of Foreign Trade, vide notification no. 80/2023 dated 22nd March 2024 has notified the amendment in the export policy condition of petroleum crude.
The directorate has exempted the STE export conditions for AMI ( ADNOC Marketing International (India) RSC Limited India ) and allowed them to re-export the petroleum crude from their commercial stockpile at Mangalore SPR, at their own cost rather than export through Indian Oil Corporation Limited ( IOCL )
| Tariff Item HS Code | Item Description | Export Policy | Policy Condition | Revised Policy Conditions |
| 27090010 | Petroleum Crude | STE | Export Through Indian Corporation Limited. | Export through Indian Oil corporation Limited. However, AMI (ADNOC Marketing International (India) SC Limited India) is exempted from STE conditions and is Allowed to re-export crude oil from their Commercial Stockpile at Mangalore SPR, at their own Cost. |
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