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of <h1>India Updates Import Policy: ITC(HS) Schedule Amended, New Registration Rules Under Finance Act & Foreign Trade Policy 2023.</h1> The Government of India has amended the ITC (HS) 2022 Schedule-I (Import Policy) to align with the Finance Act 2023 and the Foreign Trade Policy 2023. This amendment, effective immediately, includes changes to the list of ITC(HS) codes and policy conditions, as detailed in annexures. Key changes involve revisions in import policies, such as compulsory registration under the Paper Import Monitoring System for certain items, and updates to policy conditions for various goods. References to the previous Foreign Trade Policy (2015-20) have been updated to the current Foreign Trade Policy 2023.
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