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ARTICLE · 16 JUNE 2022

ELP Export Control Update – Liberalization To The Export Control Policy Regulations Concerning Global Authorization For Intra-Company Transfers

In furtherance of the earlier policies concerning Global Authorization for Intra-Company Transfers introduced on July 24, 2019 and March 17, 2020 under Paragraph 2.79F of the Handbook of Procedures of the Foreign Trade Policy 2015-20, ...

IndiaInternational Law

Introduction

In furtherance of the earlier policies concerning Global Authorization for Intra-Company Transfers (GAICT) introduced on July 24, 2019 and March 17, 2020 under Paragraph 2.79F of the Handbook of Procedures (HBP) of the Foreign Trade Policy 2015-20 (FTP), the Directorate General of Foreign Trade (DGFT), on June 13, 2022, issued an amendment in the said Paragraph 2.79F of the HBP of the FTP (Policy).

Prior to the amendment, only companies re-exporting certain imported SCOMET items to their foreign parent or subsidiary of a foreign parent were eligible to apply for the GAICT. However, post amendment, any Indian company intending to export/re-export certain SCOMET items to its foreign parent/another subsidiary of a foreign parent or its foreign subsidiary in certain countries can apply for GAITC.

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