DGFT Notifies Syncing of ITC (HS) 2022 Schedule-1 (Import Policy) with Finance Act 2022

DGFT Notifies Syncing of ITC (HS) 2022 Schedule-1 (Import Policy) with Finance Act 2022 The Directorate General of Foreign Trade(DGFT) Vide Notification No. 20/2015-2020 dated 7th July 2022 notifies Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with the Finance Act 2022 (No. 6 of 2022) dated 30.03.2022. The Notification is Given Below: S.O. 3125(E).—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 30th March, 2022. 2. The List of ITC(HS) codes introduced/deleted/amended/split/merged as per the Finance Act, 2022 is annexed herewith (Annexure-I). 3. 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). 4. 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. This issues with the approval of Minister of Commerce & Industry. For Official Notification Download PDF Given Below: