CBIC Issues Instruction to Align Import Policy with Finance Act, 2025



Quick Summary
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
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience.

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.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro



Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details