Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
Terminal gate verification for transshipment containers shifts to operators, while Customs controls and discrepancy reporting requirements remain mand...
DGFT proposes aligning Schedule-II (Export Policy) of ITC (HS), 2022 with Finance Act, 2026 amendments to HS codes, product descriptions and chapter notes, and has invited stakeholder comments within 7 days. The notice places proposed changes before exporters, industry associations and experts for consultation under FTP 2023 Para 1.07A. The annexures set out wide-ranging tariff revisions across multiple chapters, including substitutions, insertions and revised export conditions, which will inform the updated export policy classification framework once finalised.
DGFT proposes aligning Schedule-II (Export Policy) of ITC (HS), 2022 with Finance Act, 2026 amendments to HS codes, product descriptions and chapter notes, and has invited stakeholder comments within 7 days. The notice places proposed changes before exporters, industry associations and experts for consultation under FTP 2023 Para 1.07A. The annexures set out wide-ranging tariff revisions across multiple chapters, including substitutions, insertions and revised export conditions, which will inform the updated export policy classification framework once finalised.
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