Syncing of ITC (HS), 2022 – Schedule-1 (Import Policy) with Finance Act, 2026

Notification/Circular No.: 24/2026-27 dated July 22, 2026
Applicable Act/Rule: Foreign Trade (Development and Regulation) Act, 1992; Foreign Trade Policy (FTP), 2023
Effective Date: July 22, 2026

Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce & Industry, issued this notification to amend the ITC (HS) 2022, Schedule-I (Import Policy). The amendment is stated to be in sync with the Finance Act, 2026, dated 30.03.2026.

The notification amends the list of ITC(HS) codes and related Policy Conditions under ITC(HS) 2022, Schedule-I (Import Policy), through insertion, deletion, amendment, splitting, and merging of codes, as set out in Annexure-I. It also amends the description of certain ITC (HS) codes, as set out in Annexure-II.

Annexure-I lists approximately 200 ITC(HS) code-level changes spanning Chapters 3, 8, 13, 20, 21, 22, 25, 26, 28, 29, 33, 39, 41, 47, 48, 73, 81, 84, 85, and 86, covering items such as frozen krill, pecan nuts, cranberries and blueberries and their products, plant extracts, fluorspar, zirconium ores, various organic chemicals (including ephedrine, pseudoephedrine, norephedrine, lysergic acid and related substances with associated policy conditions), synthetic flavouring essences, wet-blue leather, chemical wood pulp, kites, non-galvanised and galvanised iron pipes, air-conditioning machine parts, RO membrane elements, battery separators, and containers for transport.

Annexure-II revises the item description for six specific ITC(HS) codes: 29171970, 29333700, 73051119, 73051219, 73051919, and 73061919. The updated ITC (HS) 2022 Schedule-I (Import Policy) is stated to be made available on the DGFT website (https://dgft.gov.in). The notification affects entities dealing in import of goods classified under the ITC(HS) codes listed in Annexure-I and Annexure-II.

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