Notification of Schedule-II in sync with Finance Act 2024

Notification of Schedule-II in sync with Finance Act 2024

Notification of Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024 – Notification No.50/2024-25 

S.O (E): In exercise of the powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act 1992, read with Para 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby notifies Schedule-II (Export Policy) of ITC(H5) 2022 in sync with the Finance Act 2024 as follows:

  • The updated ‘Schedule-II (Export Policy) of ITC(H5) 2022’ contains the current export policy of all ITC(HS) Codes along with specific policy conditions (if any) to be fulfilled, shall be available on the DGFT website (https:// dgft.gov.in)
  • The ‘General Notes to Export Policy’ has also been updated in sync with the Schedule-II (Export Policy) and shall be available on the DGFT website (https:// dgft.gov.in).
  • This shall come into force with immediate effect.

Effect of the Notification: Schedule-II (Export Policy) of ITC(HS), 2022, in sync with Finance
Act 2024 dated 16.08.2024 has been notified. Updated General Notes to Export Policy are also notified.

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