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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....ds Paragraph 10.10 (Issue of export authorisation for "Stock 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 ab....

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....nd transfer to end users in specific countries c. The exporter shall submit application in prescribed proforma (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....

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....ist and for re-export to end users in such approved countries; f. Re-export to such approved countries would be subject to the export control regulations of the country of the stockist; g. 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 sh....

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.... the end-users (within the country of stockist entity and only the countries of ultimate end use where in-principle approval has been granted), i.e. repeat orders, shall be considered by Chairman IMWG, without any consultation with IMWG members; Annual reporting on inventory of the stockist and transfers/re-exports l. The Indian exporter (Stock & Sale Authorization holder) shall submit a statement of exports made from India to the stockist, transfers made by the stockist to the final end-users and inventory with the stockist, as on 31st December of each calendar year, by 31st January of the following year. A failure to do so may entail imposition of penalty and /or cancellation of authorization under the stock and sale policy; ....