Alerts & Updates 9th Oct 2024

SCOMET Update 2024: Expansion of list of items covered by Global Authorization for Intra-Company Transfers (GAICT)

Authors

Ambarish Sathianathan
Ambarish SathianathanPartner | Mumbai
Sanjay NotaniPartner | Mumbai
Harika BakarajuAssociate Partner | Mumbai
Shweta KusheAssociate | Mumbai

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On October 7, 2024, the DGFT issued Public Notice No. 26/2024-2025 expanding the list of items that fall under the purview of GAICT. Particularly, the DGFT amended Appendix 10M in order to exclude certain items falling under it, thereby bringing them under the ambit of GAICT.

Read the detailed update here

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