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Syncing of HS codes in ITC (HS) 2017- Schedule-I (Import Policy) with the Finance Act, 2020 - 48/2015-2020 - Foreign Trade PolicyExtract Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Notification No. 48/2015-2020 New Delhi, Dated. 22nd December, 2020 Subject: Syncing of HS codes in ITC (HS) 2017- Schedule-I (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 27 th 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-I 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)
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