The DGFT, through Notification No. 50/2024-25 dated January 13, 2024, has updated the General Notes to Export Policy and Schedule-II (Export Policy) of ITC(HS), 2022, aligning them with the Finance Act 2024 (dated August 16, 2024). Issued under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy 2023, the updated Schedule-II includes the current export policy and specific conditions for ITC(HS) codes. The revised General Notes and Schedule-II are available on the DGFT website and come into immediate effect. This ensures synchronization of export policies with the Finance Act 2024.
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(HS) 2022 in sync with the Finance Act 2024 as follows:
The updated ‘Schedule-II (Export Policy) of ITC(HS) 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.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/01/Notification-50-English.pdf
