India Not to Allow Imports without HSN Code
On 15th January, 2020, the government said that no imports will be allowed without Harmonized System Nomenclature (HSN) code into the country.
- At present, traders need to mention HS Codes in the Bill of Entry (BoE) while importing goods into the country.
- India maintains 8 digits Harmonised Codes under Indian Trade Classification (ITC-Harmonised System), 2017.
Objective
- To curb the imports of non-essential items such as toys, plastic goods, sports items and furniture, especially from China.
Need
- It has been observed that many importers while filing Bill of Entry with the Customs Authorities are not doing due diligence in mentioning the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 US Targets India’s High Tariffs
- 2 India and Vietnam Hold Fourth Policy Planning Dialogue
- 3 India-Bhutan Hold Talks on Boundary and Cooperation
- 4 India and Armenia Sign MoU on Medical Product Regulation
- 5 Poland & Baltic States to Withdraw from Ottawa Convention
- 6 India-Malaysia Discuss Trade Ties & AITIGA
- 7 India and Mongolia Strengthen Strategic Partnership
- 8 New Freshwater Algae Species Discovered in Western Ghats
- 9 U.S. Withdraws from U.N. Climate Damage Fund Board
- 10 New Species of Congrid Eel Discovered
