Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
DGFT has amended Para 10.12(D) of the Handbook of Procedures 2023 to introduce General Authorization for Export after Repair (GAER) for SCOMET items. The amendment allows exporters to re-export imported SCOMET items to related entities and repair supply chain partners after repair in India under a one-time authorization valid for one year, subject to quarterly post-reporting requirements. Key conditions include: no change to original specifications during repair, compliance with Internal Compliance Programme requirements, mandatory AEO certification for certain transfers, and prohibition of exports to UNSC-sanctioned destinations. The revised procedure eliminates the need for separate authorizations for each shipment, streamlining the process for compliant exporters while maintaining export control safeguards.
DGFT has amended Para 10.12(D) of the Handbook of Procedures 2023 to introduce General Authorization for Export after Repair (GAER) for SCOMET items. The amendment allows exporters to re-export imported SCOMET items to related entities and repair supply chain partners after repair in India under a one-time authorization valid for one year, subject to quarterly post-reporting requirements. Key conditions include: no change to original specifications during repair, compliance with Internal Compliance Programme requirements, mandatory AEO certification for certain transfers, and prohibition of exports to UNSC-sanctioned destinations. The revised procedure eliminates the need for separate authorizations for each shipment, streamlining the process for compliant exporters while maintaining export control safeguards.
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