https://www.taxtmi.com/highlights?id=85660 Pursuant to Foreign Trade (Development & Regulation) Act 1992 and FTP 2023, DGFT has amended the export policy for raw human hair (ITC HS codes 05010010 and 05010020). The policy revises the status from 'Restricted' to 'Prohibited' for both unworked human hair and human hair waste. However, exports remain unrestricted if the FOB value meets or exceeds USD 65 per kilogram. The amendment, effective immediately per Notification No. 59/2024-25, aims to regulate the export of raw human hair while maintaining quality standards through price control mechanisms. The notification exercises authority under Section 3 read with Section 5 of the Act. en-us Tue, 11 Feb 2025 15:35:47 +0530 Tue, 11 Feb 2025 15:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=85660 Pursuant to Foreign Trade (Development & Regulation) Act 1992 and FTP 2023, DGFT has amended the export policy for raw human hair (ITC HS codes 05010010 and 05010020). The policy revises the status from 'Restricted' to 'Prohibited' for both unworked human hair and human hair waste. However, exports remain unrestricted if the FOB value meets or exceeds USD 65 per kilogram. The amendment, effective immediately per Notification No. 59/2024-25, aims to regulate the export of raw human hair while maintaining quality standards through price control mechanisms. The notification exercises authority under Section 3 read with Section 5 of the Act. Highlights DGFT Tue, 11 Feb 2025 15:35:47 +0530 https://www.taxtmi.com/highlights?id=85660