DGFT Amends Handbook of Procedures for Issue of Export Authorization for “Stock and Sale” of SCOMET Items [Read Notification]

The Directorate General of Foreign Trade (DGFT) has amended the Handbook of Procedures for issue of export authorization for “Stock and Sale” of SCOMET items.

Application for grant of authorization for bulk export of SCOMET items (excluding Category 0, Category 3A4001, Category 6 and transfer of technology under any category) from an Indian exporter to an entity abroad (hereinafter referred to as ‘stockist’) for subsequent transfer to the ultimate end users shall be considered by IMWG, on the prescribed conditions.

‘Stockist’ refers to the entity abroad to whom the SCOMET items are originally exported by Indian principal/wholly owned subsidiary. The Stockist entity should be a subsidiary/principal company abroad of the Indian exporter.

Export shall be permitted from the Indian parent company (applicant exporter) to its foreign subsidiary company or from the Indian subsidiary of foreign company (applicant exporter) to its foreign parent/another subsidiary of foreign parent company and; on the basis of an End Use declaration from the stockist, through the specified End User Certificate (EUC)for ‘stock & sale’ purpose.

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