The Directorate General of Foreign Trade (DGFT) on November 14, 2024, issued a notification regarding the Harmonisation of Schedule-II (Export Policy), ITC (HS) 2022.
To streamline the Export Control and Facilitation process and provide enhanced clarity for all stakeholders, DGFT proposes to notify a harmonized Schedule-II (Export Policy) based on 8-digit ITC (HS) codes, in line with the latest tariff codes notified under the Finance Act 2024, replacing the description-based Export Policy.
Earlier, a draft Schedule-II (Export Policy) for Chapters 40-98 was shared through Trade Notice No. 11/2024-25 dated August 02, 2024. The comments received have been incorporated into the revised draft. The updated draft Schedule-II (Export Policy) for all Chapters 01 to 98 is enclosed (Annexure).
The comments/feedback on the draft are invited via email at [email protected] by November 27, 2024. The draft will be finalised and duly notified after this consultation period.
[Trade Notice No. 22/2024-25]
