Directorate General of Foreign Trade (DGFT) has issued Notification No. 50/2024-25, dated January 13, 2025, updating the Export Policy (Schedule-II) of ITC(HS) 2022 in alignment with the Finance Act 2024. This update, enacted under the Foreign Trade (Development & Regulation) Act 1992 and the Foreign Trade Policy 2023, consolidates the export policy of all ITC(HS) codes, including applicable conditions. The notification also revises the General Notes to the Export Policy to ensure consistency with the updated schedule. Both the revised Schedule-II and General Notes are available on the DGFT website and take immediate effect. This update aims to streamline export regulations by ensuring alignment with recent legislative changes.
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
Notification No. 50/2024-25 – DGFT| Dated: 13th January, 2025
Subject: Notification of Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024 -reg.
S.O. 200(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(HS) 2022 in sync with the Finance Act 2024 as follows:
2. 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)
3. 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).
4. 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.
[F. No. 01/91/191/121/AM23/EC/E-35174]
SANTOSH KUMAR SARANGI,
Director General of Foreign Trade &
Ex- Officio Addl. Secy.
