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India changes HS codes

India has made some changes to the ITC HS codes. HS codes related to yarn, fiber, garments and some other goods have been amended. For instance the GI patented Lucknow chikan craft will be now referred to as embroidery. Changes have been made to the textile sector’s most important chapter 62, which covers cotton garments. Changes have also been made under HS codes 54 (polyester), 55 wood fiber (viscose), 56 manmade filaments, 58 cotton embroidery, 59 (geo-technical textile- knitted or woven) and 60 synthetic fibers.

The Harmonised Commodity Description and Coding System generally referred to as Harmonised System or simply HS is a multipurpose international product nomenclature developed by the World Customs Organisation (WCO). These are six-digit codes which cannot be altered unilaterally by any country. But the eight-digit code (after adding two digits at the end) can be changed. In India, the eight-digit codes known as ITC (HS) code/Indian Trade Classification/ Indian Tariff Code are developed and maintained by the Directorate General of Foreign Trade. The ITC (HS), 2022- Schedule-1 (Import policy) has been brought in sync with the Finance Act, 2022. The notification to introduce, delete, amend, split or merge ITC (HS) codes has come into effect immediately

 

 
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