Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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.
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