DGFT clarifies the provision of Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) export authorization for "Stock and Sale", and frames procedure to be followed while seeking permission for re-export/re-transfer of SCOMET items by stockist entity to ultimate end-user; Interalia states ‘Stockist’ refers to entity abroad to whom SCOMET items are originally exported by Indian principal/ wholly owned subsidiary and stockist entity should be a subsidiary/ principal company abroad of the Indian exporter; Also states that export shall be permitted only from principal company/wholly owned subsidiary in India to their subsidiaries/principal company abroad basis End Use cum End User certificate from the latter for ‘stock & sale’ purposes

Public Notice No. 07/2015-2020 dated May 17, 2017
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