DGFT synced the ITC (HS), 2022- Schedule-1 (Import Policy) with the Finance Act, 2022

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The DGFT vide Notification No. 20/2015-2020 dated July 07, 2022 has issued amendments in ITC(HS) 2022, Schedule-I (Import Policy)’ under the Foreign Trade Policy, 2015-2020 (“FTA”) in sync with the Finance Act, 2022 (No. 6 of 2022) (“the Finance Act”) dated March 30, 2022.

In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (as amended from time to time) read with paragraph 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby amends ‘ITC(HS) 2022, Schedule-I (Import Policy)’ in sync with the Finance Act, 2022 dated March 30, 2022.

The List of ITC(HS) codes introduced/deleted/amended/split/merged as per the Finance Act, 2022 is annexed herewith (Annexure-I).

The modifications/amendments in the Section Notes, Chapter-wise Main Notes, Supplementary Notes, Chapter heading, sub-headings and description of ITC(HS) codes as per the Finance Act, 2022 are annexed herewith (Annexure-II).

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-1 Import Policy is amended in sync with the Finance Act, 2022. This shall come into force with immediate effect.

The Notification along with Annexure can be accessed at: https://content.dgft.gov.in/Website/dgftprod/64d25da1-139e-4f55-8494-385362c159aa/Notification%2020%20dt%2007-07-22%20Eng-.pdf

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