The DGFT vide Trade Notice No. 22/2024-25 dated November 14, 2024 notifies the Harmonisation of Schedule-II (Export Policy), ITC(HS) 2022, 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.
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 02.08.2024. 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). Comments/feedback on the draft are invited via email at exportdgft@nic.in by 27.11.2024. Subsequent to this consultation period, the draft will be finalised and duly notified.
The Trade Notice along with Annexture can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/Trade_Notice_22.pdf