Syncing of ITC (HS) 2022 Schedule-1 (Import Policy) with Finance Act 2026

India’s DGFT has issued Notification No. 24 to align the ITC (HS) 2022 Schedule-1 import policy with the Finance Act 2026, effective 30 March 2026. This update synchronizes import classifications and associated policy conditions with changes introduced in the Finance Act. The notification affects the regulatory framework governing import licensing and market access for goods under the updated HS codes.