The DGFT vide Notification No. 27/2023 dated August 28, 2023, notified the Annual SCOMET Update 2023. This update involves amendments to Appendix 3 (SCOMET Items) of Schedule-2 under the ITC (HS) Classification of Export and Import Items, 2018.
In exercise of the powers conferred by Section 5 and Section 14A of the Foreign Trade (Development and Regulation) Act, 1992, read with Para 1.02 and Para 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby makes the amendment in Appendix 3 (SCOMET Items) to Schedule -2 of ITC (HS) Classification of Export and Import Items 2018, as enclosed in the Annexure to this Notification.
The updated Appendix 3 (SCOMET Items) to Schedule- 2 of ITC (HS) Classification of Export and Import Items, 2018 as annexure to this notification would be uploaded on the web-portal of DGFT under heading “Regulatory Updates” and Sub-heading “Import, Export and SCOMET policy”.
In order to provide transition time to industry, this Notification shall come into effect after 30 days of the date of issuance.
Effect of this Notification:-
Annual SCOMET Update – 2023 has been notified to amend Appendix 3 (SCOMET Items) to Schedule-2 of ITC (HS) Classification of Export and Import Items, 2018.
The Notification can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Notification-27-English.pdf