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Dated: 27.12.23

Spices Export/Import from India-Value Addition

O/o The DGFT, New Delhi has issued a clarification on the minimum required value addition of 25% in the case of spices under Para 4.09 of EXIM Policy – applicability is only for the spices where both import and exports are covered under same chapter 9 of ITC HS Code.

Effect: Any spice falling under Chapter 9 of the ITC must have a value addition of 25% as per the FTP 2023.

Download the Policy Circular below:

PC-07 21.12.23 Min VA Spices

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