India has exempted very low sulphur fuel oil (VLSFO) used by ships from import tax, federal budget documents for 2020/21 show, in an effort to reduce costs for local shipping companies.
IMO requires ships to use fuels with sulphur content of no more than 0.5%, unless they are equipped with scrubbers.
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According to Reuters, some Indian refiners, including Indian Oil Corp and Hindustan Petroleum Corp, are making VLSFO to meet demand. However, this fuel is not...
https://safety4sea.com/india-abolishes-import-tax-on-vlsfo-used-by-ships/