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Core Purpose

Notifies Schedule-II (Export Policy) of ITC(HS) 2022 in coordination with Finance Act 2024, updating export policies and related general notes, effective immediately.

Detailed Summary

The Directorate General of Foreign Trade, Ministry of Commerce and Industry, issues a notification regarding the updated Schedule-II (Export Policy) of ITC(HS) 2022, aligning it with the Finance Act 2024 dated August 16, 2024. This notification, issued under the Foreign Trade (Development & Regulation) Act 1992 and Foreign Trade Policy 2023, encompasses the current export policy for all ITC(HS) codes, including specific policy conditions. Furthermore, 'General Notes to Export Policy' are also updated in conjunction with Schedule-II and are available on the DGFT website (https://dgft.gov.in). The notification takes immediate effect.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-13012025-260174 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 198] NEW DELHI, MONDAY, JANUARY 13, 2025/PAUSHA 23, 1946 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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