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SCOMET Export permission for 'Stock & Sale' purposes

SCOMET Export permission for Stock & Sale purposes - DGFT - 07/2015-20 - Dated:- 17-5-2017 - Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Public Notice No. 07/2015-20 New Delhi, the 17 May, 2017 Subject:- SCOMET Export permission for 'Stock & Sale' purposes In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015-20, the Director General of Foreign Trade, hereby makes the following amendments in Para 2.7 .....

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Sale' purpose shall be evaluated/considered by IMWG subject to the conditions prescribed as under. a) Application for Authorization for Export of SCOMET items for 'Stock & Sale' purpose to the Stockist i. Export shall be permitted only from the principal company/the wholly owned subsidiary in India to their subsidiaries/principal company abroad on the basis of an End Use cum End User certificate (EUC) from the latter for 'stock & sale' purposes (as per Appendix 2S(iii .....

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e stockist and transfers made to final end-users as on December 31st of each calendar year by 31st January of the following year. A consolidated statement would be required to be submitted within a period of 3 months from the expiry of the Stock & Sale Authorization. iii. The items exported to the stockist entity under this authorization should be transferred to the final end-user within the validity period of the authorization. The authorization may be revalidated as per the procedure menti .....

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ckist entity) to the end-user to be submitted to DGFT(Hq) as per ANF 2O(a) along with the following documents (hereinafter referred to as required documents):- a) End-use/End-user certificate from each link in the supply chain as per Appendix 2S (i)/2S(ii), as applicable b) Purchase orders/Invoices c) Technical specifications of the product to be transferred (only if there is any value addition in the product by the stockist) (ii) Re-transfer within the same country by the stockist:- a) For any .....

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n a Risk Assessment for such within same country sale/transfer. b) In case of same country sale/transfer by the stockist entity where IMWG has agreed to relax the requirement of prior permission, the required documents shall be submitted by the Indian applicant/licensee within 3 months of any such transfer. In such case, no link in the supply chain should be an entity outside the country and items should remain within the country. c) Country would denote an independent sovereign entity which is .....

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