Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The DGFT has issued draft amendments to Para 10.10 of the Handbook of Procedures 2023 regarding export authorization for "Stock and Sale" of SCOMET items. The revised policy expands eligibility for bulk exports to stockists abroad, now including subsidiaries, parent companies, affiliates, OEMs, and contract manufacturers. The amendments establish a two-tier approval system: initial authorization for export to stockist with in-principle approval for specified countries, followed by post-reporting requirements for transfers within approved jurisdictions. For countries not pre-approved, separate authorization is required. The policy mandates annual inventory reporting and requires transfers to final end-users within the validity period of the authorization. Stakeholders have 10 days to submit feedback on these proposed changes.
The DGFT has issued draft amendments to Para 10.10 of the Handbook of Procedures 2023 regarding export authorization for "Stock and Sale" of SCOMET items. The revised policy expands eligibility for bulk exports to stockists abroad, now including subsidiaries, parent companies, affiliates, OEMs, and contract manufacturers. The amendments establish a two-tier approval system: initial authorization for export to stockist with in-principle approval for specified countries, followed by post-reporting requirements for transfers within approved jurisdictions. For countries not pre-approved, separate authorization is required. The policy mandates annual inventory reporting and requires transfers to final end-users within the validity period of the authorization. Stakeholders have 10 days to submit feedback on these proposed changes.
Note: It is a system-generated summary and is for quick reference only.