DGFT Amends Import Policy for Various Items, Syncing with Finance Act 2025
The Directorate General of Foreign Trade (DGFT) issued a notification announcing amendments to the import policy for a wide range of goods to align with the changes introduced in the Finance Act 2025.
Key Impact of the Amendments
- Policy Synchronization: The core objective of the notification is to ensure that the descriptions, classifications, and regulatory requirements under the Foreign Trade Policy (FTP) are consistent with the latest amendments to the Customs Tariff Act, which were introduced via the Finance Act 2025.
- Targeted Changes: The amendments typically involve:
- Updating Harmonized System of Nomenclature (HSN) Codes: Realigning the 8-digit or 10-digit HSN codes used for imports to reflect any changes in the GST or Customs Duty structure.
- Changing Import Categorization: Modifying the import status of certain items (e.g., from ‘Free’ to ‘Restricted’ or vice versa) to align with new domestic production and revenue objectives.
- Regulatory Clarity: Introducing clarification or altering conditions for imports subject to specific regulations, ensuring that importers face a clear and consistent legal framework.
- Benefit to Trade: By syncing the import policy with the latest financial legislation, the DGFT provides stability and clarity to importers and customs authorities, facilitating smoother trade and reducing compliance disputes.
Source:- English-Notification-No.-44