By Harsh Ashar February 4, 2025

Amendment in Export Policy: Key Changes to Chapter 23 of ITC(HS) 2022

The Central Government has made amendments to the Export Policy conditions under Chapter 23 of the Schedule-II (Export Policy) in the ITC(HS) 2022. This is in exercise of powers under Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, and in line with the Foreign Trade Policy 2023.

This update comes as a revision of the earlier Notification No. 23/2024-25, dated 16th August 2024.

Stay updated with the latest changes in export policies that may affect your business operations. For full details, you can refer to the amended notification issued by the government.

Key Takeaways:

Amendments made to the Export Policy conditions.
Effective from the updated notification.
Aimed at regulating exports under Chapter 23 of the ITC(HS) 2022.

ITC (HS) Code & Description	Export Policy	Revised Policy Condition
2302-Bran, Sharps and Other Residues, Whether or not in the form of Pellets, derived from the Sifting. Milling or Other Working of Cereals or of Leguminous Plants
2302 40 00- Of other Cereals	Free	Export of De-oiled Rice Bran is 'Prohibited' till 30th September 2025.
2306-Oil-Cake and other Solid Residues, Whether or not Ground or in the form of Pellets, resulting from the Extraction of Vegetable or Microbial Fats or Oils, Other than those of Heading 2304 or 2305
2306 90 19-Other- Oil-cake and oil-cake meal. expeller variety: —- Of other seeds	Free	Export of De-oiled Rice Bran is 'Prohibited' till 30th September 2025.
2306 90 29-Other – Oil-cake and oil-cake meal, solvent Free extracted (defatted) variety: — Of other seeds	Free	Export of De-oiled Rice Bran is 'Prohibited' till 30th September 2025.
2306 90 90 – Other – Other	Free	Export of De-oiled Rice Bran is 'Prohibited' till 30th September 2025.