ITC(HS) classification amendment implements revised export-import classifications under the foreign trade policy, effective from the new fiscal period. The Central Government, under the Foreign Trade (Development and Regulation) Act and paragraph 2.1 of the Export and Import Policy 2002-2007, amends and notifies the ITC(HS) classifications as contained in the Annexure; the amended classifications take effect from 1st April, 2002 and are to be implemented as the operative schedule for export and import items.