India Releases ITC (HS) 2012, Updating Export/Import Policies in Line with World Customs HS 2012 Standards

The Indian government, under the Ministry of Commerce and Industry, has issued Notification No. 111(RE-2010)/2009-14, dated April 18, 2012, announcing the Indian Trade Classification (Harmonised System) of Export and Import Items, 2012 (ITC (HS), 2012). This classification includes Schedule 1, detailing the Import Policy, and Schedule 2, outlining the Export Policy. Each item in these schedules is accompanied by the current import/export policy and any applicable policy conditions. The notification aligns with the HS 2012 of the World Customs Organisation and the Customs Tariff Schedule, effective immediately.

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