Ministry Of Commerce & Industry On Import Of Pet Coke
Rain Industries Limited had informed that Ministry of Commerce & Industry, Department of Commerce, Government of India, vide notification No.25/2015-2020, dated 17th August 2018 (Notification enclosed) has amended import policy conditions of Petcoke.
The extract of the said notification, are re-produced below:
|Exim Code||Item Description||Policy||Existing Policy Conditions||Policy||Revised Policy conditions|
|2713||Petroleum Coke, Petroleum Bitumen and other Residues of Petroleum Oils or of Oils obtained from Bituminous Minerals|
|Petroleum coke:||Prohibited||As per Policy condition No.6 of the chapter.|
|2713 11 00||Not Calcined||Free||-||Prohibited||As per Policy condition No.6 of the chapter.|
|2713 12 00||Calcined||Free||-||Prohibited||As per Policy condition No.6 of the chapter.|
|2713 20 00||Petroleum bitumen||Free||-||Prohibited||As per Policy condition No.6 of the chapter.|
|2703 90 00||Other residues of petroleum oils or of oils obtained from bituminous minerals||Free||-||Prohibited||As per Policy condition No.6 of the chapter.|
Policy Conditions of this Chapter:
Import of pet coke for fuel purpose is prohibited. However, import of Pet coke is “free” for cement, lime kiln, calcium carbide and gasification industries for use as feedstock or in the manufacturing process only on Actual User basis. Ministry of Environment, Forest and Climate Change, in consultation with Customs and Directorate General of Foreign Trade, will bring out detailed guidelines on regulating and monitoring the imported Petcoke.
Effect of this Notification:
Import of Pet Coke is allowed for only cement, lime kiln, calcium carbide and gasification industries, when used as feedstock or in the manufacturing process on Actual User Condition.
The above Notification prohibits the import of Green Petroleum Coke (GPC) into India, which will negatively impact the ability of RAIN CII Carbon (Vizag) Limited, a wholly owned Subsidiary, that is engaged in the business of production and sale of Calcined Petroleum Coke (CPC) in India, to supply CPC to its customers that are engaged in the manufacture of Primary Aluminium, Steel and Titanium Dioxide.
As RAIN CII Carbon (Vizag) Limited uses “Green Petroleum Coke” or “Calcined Petroleum Coke” only as “Feedstock” and fully complies with the best environmental standards, it has filed an application with the Hon’ble Supreme Court of India to seek a clarification regarding import of Green Petroleum Coke for use as Feedstock in the production of Calcined Petroleum Coke.