The Directorate General of Foreign Trade (DGFT) on May 29, 2023, issued a notification regarding the Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act 2023 dated March 31, 2023, and Foreign Policy, 2023.
The following has been stated namely: -
• The List of ITC(HS) codes and related Policy Conditions inserted/deleted/amended/split/merged under ITC(HS) 2022, Schedule-I (Import Policy) in sync with the Finance Act, 2023 is attached to Annexure-I
• The amendments in the Section Notes, Chapter-wise Main Notes, Supplementary Notes, Chapter heading, sub-headings and description of ITC (HS) codes in sync with the Finance Act, 2023 is attached to Annexure –II
• The List of ITC (HS)specific Policy conditions and Chapter and Chapter specific Policy Conditions under ITC (HS) 2022, Schedule-I (Import Policy) amended in sync with Foreign Trade Policy 2023 has been attached Annexure-III
• Any references to ‘FTP (2015-20)’ in the ITC(HS) 2022, Schedule-I (Import Policy) are revised to be read as ‘FTP 2023’
This shall come into force on May 29, 2023.
[Notification No. 08/2023]
