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of <h1>Foreign Trade Policy 2023: 25% Minimum Value Addition Required for Spices under Chapter 9 ITC HS Code.</h1> The circular from the Directorate General of Foreign Trade clarifies the applicability of the minimum value addition requirement under the Foreign Trade Policy 2023, specifically for spices. It mandates a 25% minimum value addition for spices when both the export and import items fall under Chapter 9 of the ITC HS Code. This directive is intended for all regional authorities, exporters, trade members, and customs authorities, and has been approved by the Competent Authority.
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