The DGFT vide Notification No. 54/2015-2020 dated February 9, 2022 notified the Indian Trade Classification (Harmonised System) 2022 (“ITC (HS) 2022”) in order to sync with the Finance Act, 2021 dated March 28. 2021 in a following manner:
- Prohibited import of foreign drones in Completely Built Up (“CBU”) Completely Knocked Down (“CKD”), Semi Knocked Down (“SKD”) form, and further exempted the import of drones for R&D, defence and security purposes from the ban but such imports will require due clearances. Moreover, import of drone components shall be free.
- Introduced the modifications / amendments in the Chapter-wise Policy Conditions (Annexure I).
- Notified list of ITC (HS) codes introduced/deleted/amended/split/merged in ITC (HS) 2022 as per the Finance Act, 2021 (Annexure II).
- Notified section notes, chapter-wise main notes, supplementary notes, chapter heading, sub-headings and description of ITC (HS) 2022 codes as per the Finance Act, 2021 (Annexure III).
- The updated ITC (HS) 2022 along will be available on the website of DGFT (https://dgft.gov.in).
The Notification along with the annexures can be accessed at: https://content.dgft.gov.in/Website/dgftprod/7d5fd1eb-ad39-4c99-b760-014223657469/Eng-Notification%2054%20dated%209%20Feb%202022%20ITC(HS)%202022%20_with%20Annexures.pdf