Export of bio-fuel allowed from SEZs, EoUs
New Delhi: The government has allowed export of bio-fuel from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions, according to a notice of the directorate general of foreign trade (DGFT).
In August 2018, the government imposed restrictions on export of bio-fuels for non-fuel purposes.
Export of bio-fuel allowed
Once the restriction was imposed, exporters operating from SEZs and EoUs made representations to remove it stating ‘they only use imported material for export of final product’.
They informed the authorities that “SEZ units have been granted letter of approval for export of bio-fuels. similarly, EoU units have obligations to fulfill under an export promotion scheme”.
Why restriction on Bio-fuel?
Before August 2018, the export of Bio-fuel was allowed without any restrictions. Later the government has imposed restriction on import of bio-fuels including ethyl alcohol and other denatured spirits, bio-diesel, petroleum oils and oils obtained from bituminous minerals other than crude.
What is bio-fuel?
Bio-fuels include ethyl alcohol, petroleum oil and oils obtained from bituminous minerals, bio-diesel and mixtures.