This trade notice from the Directorate General of Foreign Trade ...
Indian DGFT Proposes Streamlined Export Policy Based on HS Codes for Enhanced Clarity.
Circulars DGFT
November 18, 2024
This trade notice from the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India, proposes to notify a harmonized Schedule-II (Export Policy) based on 8-digit ITC (HS) codes, replacing the description-based Export Policy. The aim is to streamline the export control and facilitation process, providing enhanced clarity for stakeholders. An initial draft for Chapters 40-98 was shared earlier, and comments received have been incorporated. The updated draft Schedule-II (Export Policy) for all Chapters 01 to 98 is enclosed, inviting comments/feedback from stakeholders by 27.11.2024. Subsequently, the draft will be finalized and duly notified after the consultation period.
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