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 amended Para 10.10 of the Handbook of Procedures (HBP) 2023, introducing a revised framework for Stock & Sale Authorization of SCOMET Items. The amendment broadens the definition of 'Stockist' to include subsidiaries, parent companies, affiliates, and Original Equipment Manufacturers. The policy establishes a comprehensive procedure for export authorization, requiring detailed documentation including end-user certificates, corporate relationship proof, and technical specifications. Key modifications include simplified re-export processes, post-reporting requirements for transfers, and annual inventory reporting. The amendment aims to provide more flexible yet controlled mechanisms for exporting sensitive technological items while maintaining robust end-user verification protocols.
The DGFT amended Para 10.10 of the Handbook of Procedures (HBP) 2023, introducing a revised framework for Stock & Sale Authorization of SCOMET Items. The amendment broadens the definition of 'Stockist' to include subsidiaries, parent companies, affiliates, and Original Equipment Manufacturers. The policy establishes a comprehensive procedure for export authorization, requiring detailed documentation including end-user certificates, corporate relationship proof, and technical specifications. Key modifications include simplified re-export processes, post-reporting requirements for transfers, and annual inventory reporting. The amendment aims to provide more flexible yet controlled mechanisms for exporting sensitive technological items while maintaining robust end-user verification protocols.
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