DGFT Proposes Notification of Harmonized Schedule-II (Export Policy) based on 8-Digit ITC (HS)

The Directorate General of Foreign Trade (DGFT) has proposed the notification of a harmonized Schedule II export policy based on 8-digit ITC HS codes. This proposal aims to align the export policy with international standards, ensuring consistency and clarity in export regulations. The harmonized Schedule II will provide detailed guidelines on the export of various products, categorized by their 8-digit ITC HS codes. This initiative is part of the DGFT’s efforts to streamline export procedures, enhance compliance, and facilitate international trade. The proposed notification is expected to benefit exporters by providing clear and standardized guidelines, reducing ambiguities, and promoting adherence to global trade norms.