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Date: 13-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

Notification of Schedule II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The notification announces updates to the Schedule-II (Export Policy) of ITC(HS) 2022, aligning it with the Finance Act 2024. It also updates the 'General Notes to Export Policy'.
  • The updated schedule contains the current export policy of all ITC(HS) Codes along with specific policy conditions (if any) to be fulfilled.

Key Changes

  • Schedule-II (Export Policy) of ITC(HS) 2022 is updated in accordance with the Finance Act 2024 dated 16.08.2024.
  • The updated ‘Schedule-II (Export Policy) of ITC(HS) 2022’ contains the current export policy of all ITC(HS) Codes along with specific policy conditions (if any) to be fulfilled, shall be available on the DGFT website (https:// dgft.gov.in)
  • The ‘General Notes to Export Policy’ has also been updated in sync with the Schedule-II (Export Policy) and shall be available on the DGFT website (https:// dgft.gov.in).
  • The notification is effective immediately.

Impact Analysis

Directorate General of Foreign Trade (DGFT)

  • Action Item: Ensure the updated Schedule-II and General Notes are readily accessible on the DGFT website.

Exporters

  • Action Item: Visit the DGFT website (https:// dgft.gov.in) to download and review the updated Schedule-II and General Notes.

Customs Brokers

  • Action Item: Update knowledge base with the changes in Schedule-II and General Notes to Export Policy.

Key Entities Referenced

Central Government: The issuing authority of the notification, exercising powers under the Foreign Trade (Development & Regulation) Act 1992. Directorate General of Foreign Trade (DGFT): The agency responsible for foreign trade policy and its implementation. The updated Schedule-II and General Notes are available on its website (https:// dgft.gov.in). Foreign Trade (Development & Regulation) Act 1992: The primary legislation that empowers the Central Government to regulate foreign trade. Foreign Trade Policy 2023: The overarching policy framework that guides foreign trade. Para 1.02 and 2.01 are referenced in the notification. Finance Act 2024: The Finance Act 2024, dated 16.08.2024, is the basis for aligning the ITC(HS) 2022 Schedule-II (Export Policy). ITC(HS) 2022: Indian Trade Classification (Harmonized System) 2022. Schedule-II of ITC(HS) 2022 contains the export policies.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-13012025-260174 CG-DxLx-xEG-I1D3H0x1x2x0 25-260174 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 198] नई दिल्ली, सोमवार, िनवरी 13, 2025/पौष 23, 1946 No. 198] NEW DELHI, MONDAY, JANUARY 13, 2025/PAUSHA 23, 1946 ubZ fnYyh] 13 tuojh] 2025 / II का.आ. 200(अ).—le;≤ ij ;Fkk l'a kkfs/kr fons'k O;kikj uhfr 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr] fons'k O;kikj ¼fodkl ,o a fofu;eu½ vf/kfu;e 1992 dh /kkjk 5 ds lkFk ifBr /kkjk 3 }kjk iznÙk 'kfDr;kas dk iz;ksx djrs gq, dsUnz ljdkj ,rn~}kjk foÙk vf/kfu;e] 2024 ds leUo; eas vkbZVhlh ¼,p,l½ 2022 dh vuqlwph&II ¼fu;kZr uhfr½ dk s fuEukuqlkj vf/klwfpr djrh gS% 2- v|frr ^vkbZVhlh ¼,p,l½ 2022 dh vuqlwph&II ¼fu;krZ uhfr½^ eas iwjh dh tkus okyh fof'k"V uhfrxr 'krksZa ¼;fn dkbs Z½ ds lkFk orZeku fu;kZr uhfr ds lHkh vkbZVhlh ¼,p,l½ dksM fufgr gS] tk s Mhth,QVh dh osclkbV ¼https:// dgft.gov.in½ ij miyC/k gkxs hA 3- ^fu;kZr uhfr grs q lkekU; fVIif.k;k^a dk s Hkh vuqlwph&II ¼fu;kZr uhfr½ ds leUo; eas v|frr fd;k x;k gS vkSj ;g Mhth,QVh dh ocs lkbV ¼https:// dgft.gov.in½ ij miyC/k gkasxhA 303GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4- ;g rRdky izHkko ls ykx w gksxkA foÙk vf/kfu;e 2024 fnukad 16-08-2024 ds leUo; eas vkbZVhlh ¼,p,l½] 2022 dh vuqlwph&II ¼fu;kZr uhfr½ dk s vf/klwfpr fd;k x;k gAS v|frr] fu;kZr uhfr gsrq lkekU; fVIif.k;kas dk s Hkh vf/klwfpr fd;k x;k gSA [Qk- l-a 01@91@191@121@,,e 23@bZlh@bZ&35174] lark"s k dqekj lkjaxh Ekgkfuns'kd] fons'k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 13th January, 2025 No. 50/2024-25 Subject: Notification of Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024 -reg. S.O. 200(E).—In exercise of the powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act 1992, read with Para 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby notifies Schedule-II (Export Policy) of ITC(HS) 2022 in sync with the Finance Act 2024 as follows: 2. The updated ‘Schedule-II (Export Policy) of ITC(HS) 2022’ contains the current export policy of all ITC(HS) Codes along with specific policy conditions (if any) to be fulfilled, shall be available on the DGFT website (https:// dgft.gov.in) 3. The ‘General Notes to Export Policy’ has also been updated in sync with the Schedule-II (Export Policy) and shall be available on the DGFT website (https:// dgft.gov.in). 4. This shall come into force with immediate effect. Effect of the Notification: Schedule-II (Export Policy) of ITC(HS), 2022, in sync with Finance Act 2024 dated 16.08.2024 has been notified. Updated General Notes to Export Policy are also notified. [F. No. 01/91/191/121/AM23/EC/E-35174] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex- Officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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