Government amends export policy for biofuels
The government on Wednesday said the export of biofuel from special economic zones and export-oriented units are allowed for fuel as well as non-fuel purposes without any restriction if the biofuel is produced by using imported feedstock. On August 28, 2018, the government had imposed restrictions on the export of biofuels within days of putting similar conditions for its imports.
A license is required for both exports and imports of biofuels. Biofuels include ethyl alcohol, petroleum oil and oils obtained from bituminous minerals, bio-diesel and mixtures.
The Directorate General of Foreign Trade (DGFT) has amended that notification of 2018 “to the extent that export of biofuel from special economic zones/export oriented units are allowed for fuel as well as non-fuel purpose without any restriction when produced using only imported feedstock”.
Source : economictimes.indiatimes.com/news/ For More Details