Alerts & Updates

ELP – Update- Introduction of GAICT for export of SCOMET items for group companies

International Trade & Customs Practice | Jul 30, 2019

Para 2.79F has been inserted in the Handbook of Procedures (HBP) of the Foreign Trade Policy 2015-20 (FTP) for granting an advance bulk license “GAICT” for re-export of SCOMET items/software/technology (‘SCOMET items’) to overseas group companies availing license exception for original exports of items/software/technology (‘SCOMET items’) to overseas group companies availing license exception for original exports of all SCOMET items other than SCOMET items of Categories 0 (Nuclear materials), 1B, 1C (Toxic chemicals, to the extent re-exports to States not party to CWC), 3A401 (Prescribed high explosives, etc.), 5 (aerospace systems, etc.) and 6 (Munition List).

Read the detailed update here

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