Alignment of Schedule-II with Finance Act 2025
Request for Comments on Alignment of Schedule-II (Export Policy), ITC(HS) 2022 with amendments introduced by Finance Act 2025 – Trade Notice No. 04/2025-26.
Reference is drawn to the Finance Act, 2025, which introduces key changes to the First Schedule of the Customs Tariff Act, 1975, including updates to Chapter Notes, HS Codes, and Product Descriptions. DGFT is in the process of aligning Schedule-II (Export Policy) of ITC (HS) 2022 with Finance Act, 2025.
- In line with Para 1.07 A of FTP 2023, which provides for consultation with stakeholders during the formulation or amendment of Foreign Trade Policy, proposed changes in Chapter Notes as introduced in the Finance Act, 2025 (Annexure-I) and changes in HS Codes and Product Descriptions (Annexure-II) are enclosed to this Trade Notice. This Directorate invites views, suggestions and comments from relevant stakeholders including exporters, industry associations and experts on the proposed amendments.
- The stakeholders are requested to submit inputs/comments to this Directorate within 7 days from the issuance of this Trade Notice. Submissions may be made via e-mail to [email protected].
- This Trade Notice is issued with the approval of the Competent Authority in accordance with the provisions of Para 1.07 A of FTP 2023.
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