Latest News | DGFT Updates Export Policy for Every Product to Promote Ease of Doing Biz

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.

Also Read | EPFO ATM Card, Mobile App: From EPFO 3.0 Launch Date to Withdrawal Limits, Here’s All You Need To Know.

“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.

Also Read | What Is a Penny Stock? Risks, Rewards and Other Details About Shares of Companies That Trade at Low Prices.

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.

(This is an unedited and auto-generated story from Syndicated News feed, Pune Media Staff may not have modified or edited the content body)

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}