9911796707
TMI BlogInclusion of Paragraph 2.79F in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to lay down the procedure for Global Authorisation for Intra-Company Transfer (GAICT) of SCOMET items/software/technologyX X X X Extracts X X X X X X X X Extracts X X X X ..... for Intra-Company Transfer (GAICT) of SCOMET items/software/technology In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-20, the Directorate General of Foreign Trade (DGFT) hereby makes amendments to Handbook of Procedures (HBP) of FTP 2015-20 for inclusion of a new entry at Paragraph 2.79 with immediate effect. 2. After sub-Para 2.79E of the HBP of FTP 2015-20 , a new entry shall be inserted as under: Para 2.79F - Global Authorisation for Intra-Company Transfers (GAICT) of SCOMET 1 Items/Software/TechnoIogy A. Scope and Eligibility : Pre-export authorization will not be required for re-export of imported SCOMET item ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to the foreign parent company and / or subsidiaries of foreign parent company; d) The applicant exporter declares that the re-exported items would be used for the purposes for which it is intended by the parent company and/ or its subsidiaries; e) The exporter furnishes either a certified/approved Internal Compliance Programme (ICP) or demonstrates compliance to the ICP of the parent company; f) The exporter agrees to allow on-site inspection, if required by the DGFT or authorised representatives of Government of India; g) The exporter is granted a Global Authorisation for Intra-Company Transfers (GAICT) as per procedure mentioned in para 2.B below. B. Procedure for g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... v. Documentary proof of licence exception granted by the export control licensing authority of country of the foreign parent company and the subsidiaries of the parent company in different countries where it is valid; vi. Certified/approved ICP of the exporter or self-certified copy of the ICP of the parent company being adopted by Indian subsidiary/exporter along with an undertaking thereon; vii. Additional details, if any sought by DGFT. C. Post reporting for re-export of items/software/technology under GAICT a. The Indian exporter shall submit post-shipment details of each transfer/consignment of exports of SCOMET items/software/technology under GAICT to the SCOMET Division o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c. IMWG shall reserve the right to deny issue of GAICT without assigning any reason(s). F. Subsequent re-exports / re-transfer of the item/software/technology from the foreign parent company or its subsidiary to end users in other countries Further re-export / re-transfer of the item/software/technology from the foreign parent company or its subsidiary to end users in other countries would be subject to the export control regulations of the country of the foreign parent company or its subsidiary. G. Validity a) GAICT issued for intra-company transfers of SCOMET items/software/technology shall be valid for a period of three years from the date of issue of GAICT by D ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
