EPC/LIC/HS2022 31st Dec 2021.
ALL THE MEMBERS OF THE COUNCIL
Changes in HS Codes as per HS-2022 w.e.f 01.01.2022
You might be aware that there are major changes in ITC(HS) Codes of products, with effect from 1st January 2022.
The WCO has announced the New (Seventh) edition of HSN - HS-2022 w.e.f 01.01.2022.
India being party to HS Convention will also align its First Schedule of Customs Tariff Act with HS-2022. The necessary changes required were already in place in the Finance Act, 2021.
In order to ease the transition for Exporter and Import and making the co-relation between HS2021 and HS2022 at 8-digit level, Customs have provided a correlation document(at 8 digit level).
The Correlation document can be accessed on the CBIC Website at the link below:
The Document provides - Annexure I which provides the coding and Annexure II which shows the HS code of both versions 2021 and 2022 along with the "correlation code".
In case any notifications are issued by CBIC on their site, we shall let you know.
In the interim, members are requested to get their HS codes aligned with HS-2022 for their transactions w.e.f 01.01.2022.
Feed-backs if any may be sent on our e-mail id's- email@example.com, firstname.lastname@example.org, email@example.com, firstname.lastname@example.org & email@example.com for records/ deliberations if needed.
Acting Executive Director