TaxTMI 
TaxTMI 
Amendments to Para 10.10 of the Handbook of Procedures (HBP) 2023 - Revised Framework for Stock & Sale Authorization of SCOMET Items
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....ck and Sale" of SCOMET items) of the Handbook of Procedures (HBP) 2023 with immediate effect. 2. Para 10.10 of the HBP 2023 is amended as under: Issue of export authorization for 'Stock and Sale' of SCOMET items Application for grant of authorization for bulk export of SCOMET items (excluding Category 0, Category 3A401, Category 6 and transfer of technology under any category) from an Indian exporter to an entity abroad (hereinafter referred to as 'Stockist') for subsequent transfer to the ultimate end users shall be considered by IMWG, on the following conditions: Applicability and scope of policy a. 'Stockist' refers to an entity abroad to whom the SCOMET items are originally exported by Indian Exporter. The ....
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....forma (ANF-10B) along with the following documents from the stockist: i. Documentary proof regarding the corporate relationship between the Indian exporter and stockist; ii. End-use/End-user Certificate from stockist entity abroad in Appendix-10j (iii); iii. List of countries (in the EUC) to which the items imported from India would be exported by the stockist; iv. Purchase Order(s)/Invoice(s) or a document in lieu thereof; v. Technical specifications of the product(s); vi. Copy of Internal Compliance Program (if applicant exporter/ stockist entity has one) vii. Copy of AEO certificate (in case of OEM/CMS/CM). viii. Undertaking on the letterhead of the firm duly signed and stamped by the authorized signatory stating that, "T....
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....Country would denote an independent sovereign entity, which is a distinct national entity in political geography. Hence, transfers within an economic union or a customs union would not qualify as "same country transfers"; Post-reporting for same country transfer and re-export to pre-approved countries by the stockiest h. In case of sale/transfer by the stockist within the same country and for re-export/re-transfer to the end users in countries, for which, in-principle approval has been granted, the Indian exporter/licensee shall submit details of all such transfers to SCOMET Division of DGFT(HQ) in ANF-10B, including EUCs[Appendix-10J(i), 10J(ii) as applicable] from all ultimate end users and Bill of Entry into the ultimate destination c....