FOREIGN TRADE POLICY

Chapter 10: SCOMET: Special Chemicals, Organisms, Materials, Equipment & Technologies

Validity of SCOMET authorizations

S.

Type of

2 GAICT Policy

24 months, unless specified otherwise

3 from the date of issue of authorization and shall be further subject to the following validity timelines, whichever is earlier:

• Till the validity of license exception of foreign parent company ; or

• Till the validity of license exception of foreign parent company for subsidiaries of the parent company abroad; or

• Till the validity of Master Service Agreement/Contract with foreign parent company and the Indian subsidiary.

3 GAEC Policy

5 years from the date of issue of GAEC, subject to subsequent post reporting(s) on quarterly basis to be reported within 30 days from the last quarter

4 GAER Policy

1 year from the date of issue of GAER subject to subsequent post reporting(s) within 30 days from such export