Indian DGFT Proposes Streamlined Export Policy Based on HS Codes for Enhanced Clarity.

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....This trade notice from the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India, proposes to notify a harmonized Schedule-II (Export Policy) based on 8-digit ITC (HS) codes, replacing the description-based Export Policy. The aim is to streamline the export control and facilitation process, providing enhanced clarity for stakeholders. An initial draft for Chapters 40-98 was shared earlier, and comments received have been incorporated. The updated draft Schedule-II (Export Policy) for all Chapters 01 to 98 is enclosed, inviting comments/feedback from stakeholders by 27.11.2024. Subsequently, the draft will be finalized and duly notified after the consultation period.....