| Date: |
03-02-2016
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| Notification No: |
DGFT Public Notice No. 60/2015-2020
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| Issuing Authority: |
DGFT
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| Type: |
Public Notice
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| File No: |
F. No. 01/91/162/40/AM12/EC(S)) |
| Subject: |
SCOMET Export permission for `Stock & Salc` purposes and for export of spare parts.
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GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
UDYOG BHAWAN
PUBLIC NOTICE NO. 60/2015-20
New Delhi, Dated the 3rd February 2016
Subject:- SCOMET Export permission for ‘Stock & Sale’ purposes and for export
of spare parts.
In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade
Policy, 2015-20, the Director General of Foreign Trade, hereby, incorporates
para 2.79A and para 2.79B in Handbook of Procedure 2015-2020 as under:
- 2.79A. Export permission for “Stock and Sale”
Applications for grant of authorization for export of SCOMET items shall be
evaluated/considered by IMWG for ‘stock & sale’ purpose subject to thc following
conditions:
- Export shall be permitted only from the principal company/the wholly owned
subsidiary in India to their subsidiaries/principal company/warehouse abroad on
the basis of an EUC from the latter for ‘stock & sale’ purposes, when considered
appropriate from the point of view of security and other critical consideration.
- (a) For any further transfer of these items by the ‘stock & sale’ entity (to
whom the items are originally exported by Indian principal/wholly owned
subsidiary) to entity (ies), including end users, in the same country, the
former shall obtain the EUC from each link in the supply chain and forward the
same to the Indian applicant/licensee for the purpose of submission to licensing
authority, i.e. DGFT for seeking prior permission for such transfer. The IMWG
may, however, relax this requirement of prior permission based on a Risk
Assessment for such within same country sale/transfer.
(b) In case of retransfer by the stockist entity to entity (ies) outside its
country, the stockist entity shall forward to the Indian applicant/licensee the
EUCs from all links in chain of supply for the purpose of submission to
licensing authority i.e. DGFT for seeking prior permission for such transfer.
- 2.79B Export permission for Spare Parts for SCOMET
At the request of the applicant, export permission for spare parts covered under
SCOMET may be considered by IMWG along with the application for the main item/
equipment. Accordingly, the applicant seeking permission for export of spares
may indicate the requirement of spares in the application for main equipment
after judicious and reasonable assessment thereof, and provide the justification
for the same.
- Effect of this Public Notice:
- The provision of SCOMET export permission for ‘stock & sale’ purpose will
facilitate bulk export which may eater to orders of multiple end users from the
‘stock point’ subject to subsequent permission of the licensing authority for
re-transfer to definite end user.
- The facility for permission for export of spare parts along with the main
equipment will obviate the need for seeking permission for spares through a
separate application.
- Both the measures will have the effect of reducing the transaction time and
cost.
(Anup Wadhawan)
Director General of Foreign Trade
Issued from F.No.01/91/162/40/AM12/EC(S))
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