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TMI BlogAmendments in Para 2.79A of Handbook of Procedures for issue of export authorization for "Stock and Sale" of SCOMET items.X X X X Extracts X X X X X X X X Extracts X X X X ..... ok of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20. with immediate effect. 2. The paragraph 2.79A of the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20 is substituted to read as under: 2.79A 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 3A4001, 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* re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e approval for export to the stockist, and, for sale by stockist within the country of the stockist, and, for re-export by stockist to end user in other countries d. The application would be assessed for grant of authorization for export to the stockist, and, for grant of in-principle approval for re-export to specified countries of ultimate end use approved by the IMWG; e. No authorization would be required for transfer from the stockist to the ultimate end user(s) within the country of the stockist 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der(s)/Invoice(s) or a document in lieu thereof; (iii)Technical specifications of the product to be transferred (only if there is any value addition in the product by the stockist) j. IMWG shall consider export authorizations for allowing such re-export/re-transfer based on end use/end user verification; Repeat Order cases k. Applications for export of same SCOMET items to same stockist entity, and re-export/re-transfer of same SCOMET items from the stockist entity to 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 repo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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