SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt permits export of bio-fuels from SEZs, EoUs with certain conditions

07 Feb 2019 Evaluate

The directorate general of foreign trade (DGFT) has said that the government has permitted export of bio-fuels from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions. In August 2018, the government placed restrictions on biofuel exports for non-fuel purposes. After this restriction, exporters operating from SEZs and EoUs made representations to remove this prohibition stating they only use imported material for export of final product. They also informed government authorities that SEZ units have been granted letter of approval for export of bio-fuels and EoU units have obligations to fulfil under an export promotion scheme. 

The DGFT notice has stated that considering the hardship faced by the trade community and the fact that production of bio-fuels in EoU/SEZ would be from imported feedstock, therefore, it would not impact the domestic production/consumption. Hence, it said that the restriction as applicable to DTA (domestic tariff area) may not be extended to EoU/SEZ. It also noted that SEZs and EoUs are export-oriented units outside the ambit of domestic customs laws. It further said that members of trade and industry are informed that export of bio-fuels for non-fuel purposes from EoU/SEZ will be regulated under certain rules of SEZs and foreign trade policy. It added that the feedstock for production of bio-fuel for export from these areas should be from imported sources only.

Biofuels include ethyl alcohol and other spirits, petroleum oil and oils obtained from bituminous minerals, biodiesel and mixtures.  Before August 2018, the export of these items was allowed without any restrictions. India exported ethyl alcohol worth $276.35 million in 2017-18 as against $224 million in the previous fiscal. Similarly, export of petroleum oil and oils obtained from bituminous minerals increased to $8 million in 2017-18 from $0.54 million in the previous fiscal.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: