IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Aug 2010 | Removal date: open ended
Still in force

Tax-based export incentive

 On 4 August 2010, the Government of India, vide Public Notice No. 88 / 2009-2014, allowed certain petroleum products to benefit from the Advance Authorisation scheme for duty-free import of inputs, provided that the export of the resultant product add 8%. 
 
The Advance Authorisation scheme allows duty-free import of inputs that are to be physically incorporated in an export product and typically imposes a value addition requirement of at least 15%.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other

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