The Central Board of Indirect Taxes & Customs (CBIC) on November 10, 2025, issued a circular regarding the Syncing of ITC (HS), 2022 - Schedule-1 (Import Policy) with Finance Act 2025.
The Directorate General of Foreign Trade (DGFT), through Notification No. 44/2025-26 dated 15 October 2025, has amended the ITC (HS) 2022, Schedule-I (Import Policy) to align it with the Finance Act, 2025 (No. 7 of 2025) dated 29 March 2025.
The list of ITC (HS) codes and related policy conditions that have been inserted, deleted, amended, split, or merged in line with the Finance Act, 2025, is provided in Annexure-I of the notification. Additionally, Annexure-II contains amendments to Section Notes, Chapter Notes, supplementary notes, headings, subheadings, and descriptions of ITC (HS) codes made to maintain consistency with the Finance Act, 2025.
Authorities have been advised to inform and sensitize officers under their jurisdiction about these changes for effective implementation.
[Instruction No. 32/2025-Customs]
