Dual use goods are those which have both industrial and military uses and fall in the Special chemicals, organisms, materials, equipment and technologies (SCOMET) category. The countries for which the easing is done includes Russia, the UK and the US.
In a public notice, the Directorate General of Foreign Trade (DGFT) that the coverage of items Global Authorization for Intra-Company Transfer (GAICT) under the purview of SCOMET “has been expanded and new items have been brought under the liberalised policy to facilitate the Intra Company Transfer of SCOMET items”.
Source code for hybrid integrated systems, certain processing equipment, technology required for the development or production of m gas turbine engine components or systems, Counter Improvised Explosive Device (IED) equipment and related equipment, Towed acoustic hydrophone arrays, Materials specially designed for absorbing electromagnetic radiation, or intrinsically conductive polymers, and certain laminates are part of the revised list.
The DGFT said that it has amended the Handbook of Procedures 2023 with immediate effect.
Content Source: economictimes.indiatimes.com