The Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions to align India's import policy with the Finance Act 2025 and a related DGFT notification. This involves updating the ITC (HS) 2022 Schedule I (Import Policy) to reflect statutory changes, including modifications to ITC (HS) codes, policy conditions, and product descriptions. The aim is to ensure uniformity in trade and customs documentation and streamline the import process.
The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 32/2025-Customs, directing field formations to align customs procedures and import classifications with recent amendments introduced through the Finance Act, 2025 and the corresponding DGFT Notification No. 44/2025-26 dated October 15, 2025.
The move aims to synchronize the ITC (HS) 2022 - Schedule I (Import Policy) with the statutory changes made under the Finance Act, 2025 (No. 7 of 2025) dated March 29, 2025. T
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FAQ :
The main purpose is to align customs procedures and import classifications with amendments made by the Finance Act, 2025 and DGFT Notification No. 44/2025-26.
The ITC (HS) 2022 - Schedule I (Import Policy) is being synchronised with the statutory changes.
Changes include the insertion, deletion, amendment, and restructuring of ITC (HS) codes, as well as updates to section and chapter notes, supplementary notes, and product descriptions.
Principal Chief Commissioners, Chief Commissioners, and field formations are directed to sensitise officers and ensure implementation.
Any challenges faced during implementation are to be reported to the CBIC Board for resolution.