Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act 2023 (No.8 of 2023) dated 31.03.2023 and Foreign Trade Policy, 2023

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ance Act, 2023 is annexed herewith (Annexure-I). 3. The amendments in the Section Notes, Chapter-wise Main Notes, Supplementary Notes, Chapter heading, sub-headings and description of ITC (HS) codes in sync with the Finance Act, 2023 are annexed herewith (Annexure-II). 4. The List of ITC(HS) specific Policy conditions and Chapter specific Policy Conditions under ITC(HS) 2022, Schedule-I (Import Policy) amended in sync with Foreign Trade Policy 2023 is annexed herewith (Annexure-III). 5. Any references to ' FTP (2015-20) ' in the ITC(HS) 2022, Schedule-I (Import Policy) are revised to be read as 'FTP 2023 . 6. The updated ITC (HS) 2022 shall be available on the website of DGFT (https://dgft.gov.in). Effect of this Notification: ITC (HS) 2022, (Schedule-I) Import Policy is amended in sync with the Finance Act, 2023 and Foreign Trade Policy, 2023. This shall come into force with immediate effect. This issues with the approval of Minister of Commerce Industry. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Addl. Secretary to the Government of India [File No. 01/89/180/27/AM-21/PC-2[A]Part-I/E-31 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l of Entries shall be allowed in same Registration Number within the validity period of registration for the permitted quantity. c. Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs for clearance of consignment. d. deleted ITC (HS) Code Item Description Import Policy Policy Condition 030291 -Livers, roes, milt, fish fins, heads, tails, maws and other edible fish offal: --Livers, roes and milt DELETED 03029100 --Livers, roes and milt Free 03029110 ---Livers, roes and milt DELETED 030292 -Livers, roes, milt, fish fins, heads, tails, maws and other edible fish offal: --Shark fins DELETED 03029200 - - Shark fins Prohibited 03029210 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er 10082199 ---Other:----Other Restricted Import subject to Policy Condition (2) of the Chapter 10082940 ---Barnyard (Echinochloa esculenta (L.)) Free 10082950 ---Proso (Panicum miliaceum (L.)) Free 10082960 ---Foxtail (Setariaitalica (L.)) Free 10082970 ----Kodo (Paspalum scrobiculatum (L.)) Free 10082980 ---Little (Panicum sumatrense (L.)) Free 10082991 ---Other:----Amaranth (Amaranthus (L.)) Free 10082999 ---Other:----Other Free 12119016 - - - Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endocarp - - - - Garcinia Free .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 90 ---Other Free 12119091 ---Other: ---- Chirata DELETED 12119092 --Other: ---- Tukmaria DELETED 12119093 ---Other: ---- Unab (Indian Jujuba or Chinese dates) DELETED 12119094 ---Other: ---- Basil, hyssop, rosemary, sage and savory DELETED 12119095 ---Other: ---- Lovage DELETED 12119096 ---Other: ---- Garcinia DELETED 12119099 ---Other: ---- Other DELETED 13023230 --- Guargum treated and pulverised DELETED 13023231 ---Guargum:---- Chemically treated Free 13023239 ---Guargum:---- O .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... retilachlor (ISO) Free Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture. 293020 - Thiocarbamates and dithiocarbamates 29302000 - Thiocarbamates and dithiocarbamates DELETED 29302010 --- Cartap Hydrochloride (ISO) Free Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture. 29302090 --- Other Free - 29309092 --- Other: ---- Acephate (ISO) Free Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture. 29314930 --- Glyphosate (ISO) Free Import shall be subject to an import permit issued by Central Insectici .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ther perfluorooctane sulphonamides 29355000 - Other perfluorooctane sulphonamides DELETED 29355010 --- Flubendiamide (ISO) Free Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture. 29355090 --- Other Free 310210 - Urea, whether or not in aqueous solution 31021000 - Urea, whether or not in aqueous solution DELETED 31021010 --- Fertilizer grade, conforming to Standard IS 5406 State Trading Enterprise Import allowed through RCF and NFL subject to Para 2.21 of Foreign Trade Policy, 2023. In addition, import of Urea is also allowed through IPL for a period up to 31.3.2024. Import of Urea (for agriculture purpose) on Government Account shall be allowed either by .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture as per Policy Condition 04 of the Chapter. 38089361 --- Goods specified in Supplementary Note 7 and 8 to this Chapter: ---- Goods specified in Supplementary Note 7 to this Chapter Free Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture as per Policy Condition 04 of the Chapter. 38089362 --- Goods specified in Supplementary Note 7 and 8 to this Chapter: ---- Goods specified in Supplementary Note 8 to this Chapter Free Import shall be subject to an import permit issued by Central Insecticides Board Registration Committee under Ministry of Agriculture as per Policy Condition 04 of the Chapter. 38089371 --- Goods specified in Supplementary Note 9 and10 to this Chapter: ---- Goods specified in Supplementary Note 9 to this Chapter Free Import shall be sub .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ds Free 54025900 - Other yarn, single, with a twist exceeding 50 turns per metre: -- Other Free 54025990 --- Other DELETED 57023990 --- Other Free 631090 -Other: 690730 -Mosaic cubes and the like, other than those of subheading 6907.40 DELETED 69073010 - Mosaic cubes and the like, other than those of sub-heading 6907 40 DELETED 69073000 - Mosaic cubes and the like, other than those of sub-heading 6907 40 Free 690740 -Finishing ceramics DELETED 69074000 -Finishing ceramics Free 69074010 --- Fin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 71131911 ---Of gold: ----Unstudded Free 71131912 ---Of gold: ----Studded with pearls Free 71131913 ---Of gold: ----Studded with diamonds of heading 7102 Free 71131914 ---Of gold: ----Studded with diamonds of heading 7104 Free 71131915 ---Of gold :----Studded with other precious and semi-precious stones Free 71131919 ---Of gold :----Other Free 71131920 ---Of gold, set with pearls DELETED 71131921 ---Of platinum :----Unstudded Free 71131922 ---Of platinum :----Studded with pearls Free 71131923 ---Of platinum :--- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 84195090 ---Other DELETED 84195091 ---Other :----Shell and tube type Free 84195092 ---Other :----Plate type Free 84195093 ---Other :----Spiral type Free 84195099 ---Other :----Other Free 84198910 ---Pressure vessels reactors, columns or towers or chemical storage tanks DELETED 84198911 ---Pressure vessels, reactors, columns or towers or chemical storage tanks :----Pressure vessels Free 84198912 ---Pressure vessels, reactors, columns or towers or chemical storage tanks :----Reactors with total internal (geometric) volume greater than 0.1 m (100 l) and less than 20 m (20000 l) Free 84198913 ---Pre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... organic light- emitting diodes (OLED) DELETED 85241210 ---For the goods of sub-heading 8471 30 or 8471 41 Free 85241220 ---For the goods of sub-heading 8517 13 or 8517 14 Free 85241230 ---For the goods of sub-heading 8528 72 or 8528 73 Free 85241290 ---Other Free 852419 -- Other : 85241900 -Without drivers or control circuits: - - Other DELETED 85241910 ---For the goods of sub-heading 8471 30 or 8471 41 Free 85241920 ---For the goods of sub-heading 8517 13 or 8517 14 Free 85241930 ---For the goods of sub-heading 8528 72 or 8528 73 Free .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ANNEXURE-II Annexure referred to in DGFT Notification No. 08/2023 dated 29.05.2023 regarding Indian Trade Classification (Harmonised System) of Import Items, 2022 [ITC (HS), 2022] a) Item Descriptions HS Code Revised Description 12119011 --- Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endocarp :---- Ambrette seeds 12119012 --- Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endocarp :---- Nuxvomica, dried ripe seeds 12119013 --- Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endocarp :---- Psyllium seed (isobgul) 12119014 --- Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endocarp :---- Neem seed 12119015 --- Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endocarp :----Jojoba seed 12119019 --- Seeds, Kernel, Aril, Fruit, Pericarp, Fruit rind, Endosperm, Mesocarp, Endoca .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 12119049 - - - Roots, Root stalk, Bulb, Corn,Tuber, Stolon and rhizome :- - - - Other 48119094 ---Other:----Thermal paper in jumbo rolls (of size 1 m and above in width and 5,000 m and above in length) 611521 - Other panty hose and tights : 621390 - Of other textile materials : 62139090 ---Other 62171010 ---For articles of apparel, of cotton 62171020 ---For articles of apparel, of synthetic fibres 62171030 ---For articles of apparel, of wool 62171040 ---For articles of apparel, of silk 62171050 ---For articles of apparel, of regenerated fibres 62171060 ---For articles of apparel, of other fibres 62171070 ---Stockings, socks, sockettes and the like, of cotton 63012000 -Blankets (other than electric blanket .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 100 -All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified: (1) industrial plant, (2) irrigation project, (3) Power project, other than solar power plant or solar power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects, other than solar power plant or solar power project, as the Central Government may, having regard to the economic development of the country notify in the Official Gazette in this behalf; and spare parts, other raw materials (including semi- finished materials of consumable stores) not exceeding 10% of the value of the goods specified above, provided that such spare parts, raw materials or consumable stores are essential for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... forming to IS-15981. 38 Supplementary Note 2 Tariff item 3808 91 42 covers one of the following goods of sub-heading 3808 91 with content by mass greater than 90%:Chlorentraniliprole (ISO); Buprofezin (ISO); Flubendiamide (ISO); Emamectin Benzoate (ISO). 38 Supplementary Note 3 Tariff item 3808 91 51 covers only mixtures and preparations of goods of sub-heading 3808 91, containing one or more of the following:Acephate (ISO) conforming to IS-12916; Cartap Hydrochloride (ISO) conforming to IS-14183; Imidacloprid (ISO) conforming to IS-15335; Acetamiprid (ISO) conforming to IS-16328. 38 Supplementary Note 4 Tariff item 3808 91 52 covers only mixtures and preparations of goods of sub-heading 3808 91 with content by mass greater than 90%, containing one or more of the following:Chlorentraniliprole (ISO); Buprofezin (ISO); Flubendiamide (ISO); Emamectin Benzoate (ISO). 38 Supplementary Note 5 Tariff item 3808 92 60 cover .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ory clays or phosphates. 71 Supplementary Note 1 For the purposes of heading 7104, Diamonds means- (a) chemically produced stones which have essentially the same chemical composition and crystal structure as a particular natural diamond and are produced using various methods including High Pressure High Temperature method (HPHT) and Chemical Vapour Deposition method (CVD); or (b) stones obtained artificially by various means, e.g., agglomerating, pressing or fusing together (usually with the aid of a blow pipe) fragments of natural diamonds which have generally been reduced to a powder. ANNEXURE-III Annexure referred to in DGFT Notification No. 08/2023 dated 29.05.2023 regarding Indian Trade Classification (Harmonised System) of Import Items, 2022 [ITC (HS), 2022] a) Changes under Policy Condition of Chapters Chapter Policy Condition Existing Condition Revised Condition 27 5 Import allowed through IOC subject to para 2.20 of Foreign Trad .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates