DGFT notifies Amendment in SCOMET items to Schedule II of ITC (HS) Classification of Export and Import Items, 2018 [Read Notification]

The Director-General of Foreign  Trade (DGFT) has notified the amendment in SCOMET items to Schedule II of ITC (HS) Classification of Export and Import Items, 2018.

“In exercise of the powers conferred by Section 5 and Section 14A of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy 2015-2020, the Central Government hereby makes the amendment in Appendix 3 (SCOMET Items) to Schedule -2 of ITC (HS) Classification of Export and Import Items 2018,” the notification read.

The updated Appendix 3 (SCOMET Items) to Schedule- 2 of ITC (HS) Classification of Export and Import Items, 2018 would be uploaded on the web portal of DGFT under the heading “Regulatory Updates” and Subheading “Import, Export and SCOMET policy”.

In order to provide transition time to the industry, this Notification shall come into effect after 30 days of the date of issuance i.e. 19th Jan, 2022.

Support our journalism by subscribing to Taxscan AdFree. Follow us on Telegram for quick updates.