DGFT Updates Export Policy for All Products - Ease of Doing Business
By Rediff Money Desk, New Delhi Jan 13, 2025 20:31
DGFT has updated the export policy for all products, specifying detailed conditions for each item to enhance ease of doing business in India. The new schedule includes specific policy conditions for all ITC (HS) codes, making it easier for exporters to understand the requirements for each product.

New Delhi, Jan 13 (PTI) The Commerce Ministry's arm DGFT on Monday updated the export policy for all products, specifying detailed conditions for each item to enhance the ease of doing business in the country.
Earlier specific policy conditions were only outlined for goods which were subject to certain restrictions or fell under some norms.
"Schedule-II (Export Policy)' in sync with Finance Act 2024 dated August 16, 2024, has been notified," the directorate general of foreign trade (DGFT) said in a notification.
The updated schedule contains the current export policy of all ITC (HS) codes, along with specific policy conditions (if any) to be fulfilled, it added.
An official said this would help in knowing policy conditions for all the products.
In international trade parlance, every product is categorised under the Indian Trade Classification (Harmonised System) - ITC (HS). It helps in the systematic classification of goods across the globe.
Earlier specific policy conditions were only outlined for goods which were subject to certain restrictions or fell under some norms.
"Schedule-II (Export Policy)' in sync with Finance Act 2024 dated August 16, 2024, has been notified," the directorate general of foreign trade (DGFT) said in a notification.
The updated schedule contains the current export policy of all ITC (HS) codes, along with specific policy conditions (if any) to be fulfilled, it added.
An official said this would help in knowing policy conditions for all the products.
In international trade parlance, every product is categorised under the Indian Trade Classification (Harmonised System) - ITC (HS). It helps in the systematic classification of goods across the globe.
Source: PTI
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