Amendment in Import Policy Condition of ITC HS Codes
Amendment in Import Policy Condition of ITC HS Codes 85423100, 85423900, 85423200, 85429000 and 85423300 covered under Chapter 85 of ITC (HS), 2022, Schedule-1 (Import Policy) – Notification No. 41/2024-25
S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the Import Policy Condition of following items covered under Chapter 85 of ITC (HS), 2022, Schedule — I (Import Policy), with immediate effect, as under:
| ITC(HS) Code | Description | Import Policy | Existing Policy Condition | Revised Policy Condition |
| 85423100 | – Electronic integrated circuits : — Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | Free | Subject to Policy Condition 8 of Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) | – |
| 85423200 | Electronic integrated circuits : — Memories | Free | Subject to Policy Condition 8 of Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) | – |
| 85423300 | – Electronic integrated circuits : — Amplifiers | Free | Subject to Policy Condition 8 of Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) | – |
| 85423900 | – Electronic integrated circuits : — Other | Free | Subject to Policy Condition 8 of Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) | – |
| 85429000 | – Parts | Free | Subject to Policy Condition 8 of Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) | – |
Effect of the Notification: The Requirement of Compulsory Registration under Chip Imports Monitoring System (CHIMS) in terms of Policy Condition No. 08 of Chapter 85 of ITC (HS), 2022, Schedule-1 (Import Policy) has been “Discontinued”, with immediate Effect.
This is issued with the approval of Minister of Commerce & Industry.
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