CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India
Tel : +91 22 22021288 Website : www.//chemexcil.in
EPC/LIC/DGFT 22/10/2019
All Members of CHEMEXCIL
DGFT
Mis-declaration of imported goods under 'Others' category of ITC
(HS),2017,Schedule-I (Import Policy)
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Dear Members,
We would like to inform you that the O/o Directorate General of Foreign Trade, New Delhi has issued Trade Notice No. 37/2019-20 dated 22nd October, 2019 regarding Mis-declaration of imported goods under 'Others' category of ITC (HS), 2017, Schedule -I (Import Policy).
As per this Trade Notice, we understand that authorities have observed that many importers while filing Bill of Entry with the Customs Authorities are not doing due diligence in mentioning the correct HS codes at 8 digit level. Even though, specific HS codes may be available for the imported items under ITC (HS), 2017, Schedule- I (Import Policy), importers tend to casually adopt the 'others' category, which is essentially a residual category of the relevant products. This creates avoidable errors in India's import data.
Further, trade and industry have been advised to be careful while mentioning HS Codes for imports and exports, and indicate the specific HS codes of items at 8 digit where they exist, instead of using the 'Others' category in a loose and inaccurate manner. Any willful mis-declaration of HS Codes will be duly dealt with under Foreign Trade (Development & Regulation) Act, 1992.
Members are requested to take note of the same and do the needful accordingly. The above-said trade notice is available for reference using below link-
http://dgft.gov.in/sites/default/files/trade%20notice%20no.%2037%20dated%2022.10.2019.pdf
Thanking You,
Yours faithfully,
(S.G. BHARADI)
EXECUTIVE DIRECTOR
CHEMEXCIL
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