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of <h1>New Amendments to Foreign Trade Policy: Export Guidelines for SCOMET Items, Stockist Definition, and Application Procedures Explained.</h1> The circular issued by the Director General of Foreign Trade outlines amendments to the Foreign Trade Policy regarding the export of SCOMET items for 'Stock & Sale' purposes. It defines a 'Stockist' as a subsidiary or principal company abroad, to which items are exported from India. The document specifies application procedures for export authorization, detailing necessary documentation such as End Use cum End User Certificates. It prohibits applications for certain SCOMET categories and technology exports. The circular also sets guidelines for re-export or re-transfer permissions, emphasizing documentation and risk assessments for transfers within the same country.
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