DGFT Launches Enhanced eCoO 2.0 System With Provisions for Back-to-Back Certificates of Origin

The Directorate General of Foreign Trade (DGFT) has updated the Export Policy of all products in line with the Finance Act, 2024.

The notification relates to Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024. 

The step of DGFT will most likely enhance the ease of doing business in the country. 

The updated schedule contains the current export policy of all ITC (HS) codes, along with specific policy conditions (if any) to be fulfilled, it added. 

The updated ‘Schedule-II (Export Policy) of ITC (HS) 2022’ contains the current export

policy of all ITCHS) Codes along with specific policy conditions (if any) to be fulfilled, shall be available on the DGFT website.

The ‘General Notes to Export Policy’ has also been updated in sync with the Schedule-ll (Export Policy) and shall be available on the DGFT.

The notification shall come into effect from 13/01/2025.

What is  ITC (HS)?

Indian Trade Clarification based on Harmonized System (ITC-HS) ITC-HS Codes was adopted in India for import-export operations. Indian custom uses an eight digit ITC-HS Codes to suit the national trade requirements.

Read More: Customs Dept. Seizes 6.47 kg Cocaine Worth Rs 97.44 crores , 8 Foreign Nationals Arrested 

Notification Details

Notification No. 50/2024-25

Date: 13/01/2025

Mariya Paliwala
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Co-Accused May Apply Separately For Compounding Of Offences U/s 276B and 278B Of Income Tax Act, 1961: Delhi High Court

The Delhi High Court has held that co-accused may apply separately for…

Emcure Not Liable To Pay GST On Free Bus Transportation Facility Provided To Its Employees, Affirms AAAR

The Gujarat Appellate Authority of Advance Ruling (AAAR) has ruled that Emcure…

Dept. To Publish GST Notice In Newspaper, If Service Is Not Completed Via Email/Post: Madras High Court 

The Madras High Court has held that the department should publish GST…

Andhra Pradesh High Court Grants Anticipatory Bail To Customs Officer Accused Of Maintaining Dual Identity

The Andhra Pradesh High Court in the case of Namarla Satyanarayana Vs…