India Updates 2024 SCOMET List: Changes in Export Control Regimes, New Licensing for Military Exports, Enhanced E-Platform.
The Directorate General of Foreign Trade (DGFT) has updated India's SCOMET list for 2024, reflecting changes in multilateral export control regimes and national policies. The Department of Defence Production is now the licensing authority for Category 6 military exports. India's strategic trade framework includes robust legal and regulatory measures, aligning with international groups like the Missile Technology Control Regime and Wassenaar Arrangement. The Foreign Trade Policy 2023 consolidates SCOMET processes for industry compliance. DGFT has enhanced its e-platform and liberalized export policies for high-end goods, facilitating responsible exports. The SCOMET list is detailed in the Foreign Trade Policy and related regulations.