Extremely restricted trade — limited to authorized financial institutions and government bodies.
HSN code 49070020 is classified as Restricted under India's DGFT ITC(HS) export policy — a license or permit is required before export.
This product requires a license or permit before export/import from India.
HSN Code Details
Bank notes, requiring a licence by DGFT (Directorate General of Foreign Trade); other RBI (Reserve Bank of India) conditions apply.
DGFT licence and RBI approval are mandatory prerequisites — this is not open commercial trade; verify full regulatory authorization before any involvement.
Related HSN Codes (Heading 4907)
- 490700 30, "InformationTechnology software" means any representation of instructions, data, sound or image, including source code and object code, recorded in a machine readable form, and capable of being manipulated or providing interactivity to a user, by means of an automatic data processing machineFree
- 490700recognized face value; stamp- impressed paper; bank notes; cheque forms; stock, share or bond certificates and similar documents of titleFree
- 49070010issue in the country in which they have, or will have, a recognized face valueRestricted
- 49070030the right to use Information Technology softwareFree
- 49070090OtherRestricted
Frequently Asked Questions
Yes. HSN 49070020 is Restricted under DGFT ITC(HS) policy — you need a license or permit before export.
Bank note trade requires explicit DGFT licensing and RBI regulatory approval in India, placing it firmly outside standard commercial export/import channels.
HSN 49070020 falls under Chapter 49 and Heading 4907 of India's customs tariff schedule.
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