India notifies changes in textile HS codes, introduction of Lucknow chikan
The government has made changes to Chapter 62, the largest in the textile sector, which covers cotton clothing. Changes have also been made to HS codes 54 (polyester), 55 wood fibers (viscose), 56 synthetic filaments, 58 cotton embroidery, 59 (geotechnical textiles – knitted or woven) and 60 synthetic fibres.
The Indian Ministry of Trade and Industry has issued a notification bringing changes to the ITC HS codes to synchronize them with the 2022 Finance Act. The government had proposed these changes in the Union Budget 2022-23. HS codes related to yarns, fibers, apparel and some other products are changed. GI’s patented Lucknow Chikan craft will henceforth be called embroidery.
The Harmonized Commodity Description and Coding System, commonly referred to as the “Harmonized System” or simply “HS”, is a multipurpose international commodity nomenclature developed by the World Customs Organization (WCO). These are 6-digit codes that cannot be changed unilaterally by any country. But the 8-digit code (after adding 2 digits at the end) can be changed.
In India, the 8-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 Ministry had issued the Notification for the synchronization of ITC (HS), 2022-Schedule-1 (Import Policy) with the Finance Act 2022 last week. The Notification of Introduction, Deletion, Amendment , division or merger of the ITC (HS) codes is effective immediately.
Fibre2Fashion (KUL) News Desk