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of <h1>Central Government Updates Export Policy: New Restrictions on Chemicals, Technologies Under Foreign Trade Policy ITC (HS) 1997-2002</h1> The notification from the Central Government amends the 'ITC (HS) Classifications of Export and Import Items 1997-2002' under the Foreign Trade Policy. Specific codes and item descriptions are deleted or modified, including the export policy for special chemicals and technologies. Exports of certain chemicals and materials are now subject to new restrictions or licensing requirements, particularly those related to international agreements like the Montreal Protocol and the Chemical Weapons Convention. Appendices are updated, and new regulations are introduced for exporting items under various categories, including nuclear materials, chemicals, microorganisms, electronics, and aerospace technologies. The notification emphasizes compliance and potential legal consequences for violations.
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