The Director General of Foreign Trade has posted the Indian Trade Classification (Harmonized System) [ITC(HS)] 2017- Schedule I Import Policy. The schedule is arranged in four columns as follows:
- Column 1 provides the ITC HS Code, also called as EXIM Code. The six digit code and product description corresponds exactly with the six digit WCO Harmonised System..
- Column 2 contains the ITC (HS) description against the respective codes. Some adaptations have been made in the descriptions to comply with existing import policy.
- Column 3 gives the Import Policy regime applicable on the item: Prohibited, Restricted, STE (only specified State Trading Enterprises may import under conditions set forth in the Foreign Trade Policy Handbook) and Free (no permission or license required.
- Colum 4 sets forth the precise restrictions, whenever possible.