DGFT allowed One time Extension on export authorizations for SCOMET Items

DGFT vide Trade Notice No. 26/2020-21 dated August 31st, 2020 has given  one time extension  of six months, as a onetime relief in all SCOMET export authorization involving technology transfer (under any category of SCOMET) expiring by 30.09.2020, on submission of application in prescribed Performa to DGFT

The validity period of SCOMET export authorizations for transfer of technology/software under any category of SCOMET shall be twenty four months only or validity period of export authorization allowed in terms of Para 2.16 of HBP of FTP 2015-20. No subsequent revalidation in such authorizations shall be permissible.

The trade Notice can be accessed at: https://content.dgft.gov.in/Website/dgftprod/Trade%20Notice%20No%20%2026%20dated%2031-08-2020

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