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HomeNotificationDGFT Updates Export Policy Of All Products In Line With Finance Act...

DGFT Updates Export Policy Of All Products In Line With Finance Act 2024 

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Published on

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

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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

Click Here To Read The Notification
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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