Import Policy Changes in ITC(HS) Schedule I to Align with Finance (No. 2) Act, 2019 – Effect of the Changes will be Notified Later – DGFT Retracts Notification

· Implementation Date of Finance Act Fifth Schedule Amendments not yet Notified by the Dept of Revenue

[DGFT Notification No. 34/2015 -2020 dated 6 December 2019

Effect of this Notification: The date on which the Notification No.31/2015-2020 dated 13th November, 2019 will come into effect shall be notified later.

CORRIGENDUM

Subject: Corrigendum to Notification No. 31/2015-2020 dated 13th November, 2019.

S.O. (E): In exercise of powers conferred by Section 5 of the Foreign Trade (Development & 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 that the Notification No.31/2015-2020 dated 13th November, 2019 and published in the Gazette of India , Extraordinary vide number S.O. 4097(E) dated 13th November, 2019 shall be effective from the date on which Section 88 (b) of the Finance (No. 2) Act, 2019 (23 of 2019) is notified by the Department of Revenue, Ministry of Finance, Government of India. Hence, the Notification No.31/2015-20 dated 131 November, 2019 is not effective till amendment of First Schedule to the Customs Tariff Act as specified in the Fifth Schedule to the Finance Act is notified.

This issues with the approval of Minister of Commerce & Industry.

(Issued from F.No.01/89/180/11/AM-17/PC-2A)