Tally
coaching
CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Syncing of HS codes in ITC (HS) 2017- Schedule-1 (Import Policy) with the Finance Act, 2020


 Notice Date : 22 December 2020

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade

Notification No. 48/2015-2020-DGFT

New Delhi, Dated: 22nd December, 2020

Subject: Syncing of HS codes in ITC (HS) 2017- Schedule-1 (Import Policy) with the Finance Act, 2020.

S.O. 4645(E): In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (as amended from time to time) read with paragraph 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby notifies the following Exim codes which have been inserted/substituted vide the Finance Act, 2020 (No. 12 of 2020) dated 27th March, 2020, in the ITC (HS), 2017 as below:

Exim Code Item Description Policy Policy Conditions
       
8414 51 50 Wall fans Free
       
8529 90 30 Open cell for television set Free
       
8541 40 11 Solar cells, not assembled* Free
8541 40 12 Solar cells, assembled in modules or made up .into panels Free

* this item description substitutes the existing item description (i.e Photocells: —-Solar cells whether or not assembled in modules or panels) in ITC(HS) 2017.

Effect of this Notification: Chapter 84 and 85 of ITC (HS) 2017- Schedule-1 Import Policy is amended to incorporate changes as made in the Finance Act, 2020 dated 27th March, 2020.

This issues with the approval of Minister of Commerce & Industry.

(Amit Yadav)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to the Government of India

(File No. 01/89/180/11/AM-17/PC-2(A)/e-1307)

 

Guest
on 23 December 2020
Notification No : Notification No. 48/2015-2020-DGFT
Published in Miscellaneous
Source : , https://content.dgft.gov.in/Website/dgftprod/29df1387-180d-4cf9-abd2-b15e2ecce9f3/Notification%2048%20english.pdf










Trending Tags