**Summary:**
This notification, numbered 48/2015-2020 and dated December 22, 2020, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, concerns the synchronization of Harmonized System (HS) codes within the ITC (HS) 2017 Schedule 1 Import Policy with amendments introduced by the Finance Act, 2020 (No. 12 of 2020, dated March 27, 2020).
The notification, issued under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraph 2.01 of the Foreign Trade Policy, 2015-2020, specifies revisions to Exim codes, item descriptions, and import policies.
Specifically, the notification details changes to the following Exim codes:
* **8414 51 50:** Wall fans, with a "Free" import policy.
* **8529 90 30:** Open cells for television sets, with a "Free" import policy.
* **8541 40 11:** Solar cells, not assembled, with a "Free" import policy.
* **8541 40 12:** Solar cells, assembled in modules or made up into panels. This item description substitutes the existing item description "Photocells: Solar cells whether or not assembled in modules or panels" in ITCHS 2017, with a "Free" import policy.
The effect of this notification is to amend Chapters 84 and 85 of the ITC (HS) 2017 Schedule 1 Import Policy to reflect the changes made in the Finance Act, 2020.
The issuing authority is the Director General of Foreign Trade, Ex-officio Additional Secretary to the Government of India (Amit Yadav). The file number for this notification is 01/89/180/11/AM-17/PC-2[A]/e-1307.
Key Entities Referenced
Foreign Trade Development and Regulation Act, 1992: A law providing the Central Government with powers regarding foreign trade.
Foreign Trade Policy, 2015-2020: A policy document outlining guidelines and objectives for foreign trade.
Finance Act, 2020: A financial law that amends the ITC HS codes.
ITC HS 2017 Schedule1 Import Policy: Indian Trade Clarification based on Harmonized System of Coding. It is a system for classifying traded products.
Ministry of Commerce and Industry: A government ministry responsible for international trade and industrial development.
Department of Commerce: A department within the Ministry of Commerce and Industry.
Directorate General of Foreign Trade: A government organization responsible for implementing foreign trade policy.
New Delhi, Delhi: The location where the notification was issued.
To be published in the Gazette of India Extraordinary Part-ll, Section-3, Sub-Section (Il)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No. 48 /2015-2020
New Delhi, Dated: 22:4 December, 2020
Subject: Syncing of HS codes in ITC (HS) 2017- Schedule-1 (Import Policy) with
the Finance Act, 2020.
S.O. (E): In exercise of powers conferred by Section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 (as amended from time to time) read with
paragraph 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby
notifies the following Exim codes which have been inserted/substituted vide the Finance
Act, 2020 (No. 12 of 2020) dated 27th March, 2020, in the ITC (HS), 2017 as below:
Exim Code Item Description Policy | Policy Conditions
8414 51 50 |Wall fans Free --
8529 90 30 |Open cell for television set Free -
8541 40 11 |Solar cells, not assembled* Free --
8541 40 12 Solar cells, assembled in modules or made Frise _
up into panels
* this item description substitutes the existing item description (/.e Photocells: ----Solar
cells whether or not assembled in modules or panels) in ITC(HS) 2017.
Effect of this Notification: Chapter 84 and 85 of ITC (HS) 2017- Schedule-1 Import
Policy is amended to incorporate changes as made in the Finance Act, 2020 dated
27" March, 2020.
This issues with the approval of Minister of Commerce & Industry.
eau)
(Amit vaagl-e =
Director General of Foreign Trade &
Ex-officio Addl. Secretary to the Government of India
(File No. 01/89/180/1 1/AM-17/PC-2(A)/e-1307)