Directorate General of Foreign Trade (DGFT) has issued Public Notice that expands the Global Authorization for Intra-Company Transfer (GAICT) policy. This amendment allows for easier export and re-export of SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) items, including software and technology, to selected countries. The goal is to streamline processes within corporate structures, making it more efficient for companies to manage SCOMET item transfers only to the countries listed in Table 1 of para 10.25 of HBP 2023.
[Public Notice No. 26/2024-2025 dated 07.10.2024]
