https://www.taxtmi.com/circulars?id=68060 DGFT notifies an SOP for Voluntary Disclosure of non compliance with SCOMET export controls, requiring prompt internal confirmation, submission of a disclosure proforma and supporting documents to the SCOMET Division, and cooperation with verification. The Inter Ministerial Working Group will consider voluntary disclosure as a potential mitigating factor-excluding certain high risk categories-and will assess intent, authorization likelihood, cooperation, prior violations, senior management knowledge, and remedial compliance measures when recommending no action, show cause, adjudication, or regularisation under applicable law. en-us Wed, 15 Jan 2025 00:00:00 +0530 Sat, 01 Feb 2025 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68060 DGFT notifies an SOP for Voluntary Disclosure of non compliance with SCOMET export controls, requiring prompt internal confirmation, submission of a disclosure proforma and supporting documents to the SCOMET Division, and cooperation with verification. The Inter Ministerial Working Group will consider voluntary disclosure as a potential mitigating factor-excluding certain high risk categories-and will assess intent, authorization likelihood, cooperation, prior violations, senior management knowledge, and remedial compliance measures when recommending no action, show cause, adjudication, or regularisation under applicable law. Circulars DGFT Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68060