The government has revised import policy from free to restricted and imposed few restrictions on import of bio-fuels, that include ethyl alcohol and other denatured spirits, bio-diesel, petroleum oils and oils obtained from bituminous minerals other than crude, through an amendment in import policy.
The Directorate General of Foreign Trade (DGFT) in its notification said the import of these items, which was free earlier, will now only be allowed for non-fuel purpose on actual user basis as per the National Bio-Fuel Policy.
The government also said export of beach sand minerals has been brought under state trading enterprise and shall be canalised through Indian Rare Earths Limited. Export of rare earth compounds classified as beach sand minerals, permitted anywhere in the export policy, will now be regulated.