The Directorate General of Foreign Trade (DGFT) on August 02, 2024, issued the notification regarding the Harmonisation of Chapters 40 to 98 of Schedule-II (Export Policy) to ITC(HS) codes.
The following has been stated namely: -
• DGFT is in the process of harmonising the extant Schedule-II (Export Policy) to the 8-digit ITC(HS) codes, in lieu of the description-based Export Policy, as ITC(HS) Code mapped Export Policy has become a pre-requisite to streamline the process of Export Control and Facilitation, and also provide greater clarity and easy reference to Export Policy for all stakeholders.
• The draft Schedule-II (Export Policy) of ITC(HS) 2022 aligning the 8-digit ITC(HS) codes for the remaining Chapters 40 to 98 has also been attempted and is enclosed.
• Comments may be provided latest by August 11, 2024, to [email protected].
[Notification No. 11/2024-25]
