The Directorate General of Foreign Trade (DGFT) has issued Notification 24/2026-27, which updates the Import Policy to align with the Finance Act 2026. This involves syncing the ITC (HS), 2022- Schedule-1 with the provisions of the Finance Act, 2026.
This update may affect the classification and import regulations of various goods. Importers need to verify if their products fall under the revised categories or if any new compliance requirements are introduced. The changes could impact documentation and filing processes, potentially affecting timelines for customs clearance.
1) Open the official notice
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice