World Trade Center Kochi organized a webinar on “Changing Landscape of India’s Export Trade Control Regime”
in association with the Export Promotion Council for EOUs and SEZs
(EPCES) and NASSCOM. Mr. K.M. Harilal ITS, Joint Director General of
Foreign Trade, Kochi was the keynote speaker. Mr. Krishna Barad,
Partner/ Customs & International Trade, Indirect Tax, BDO India
spoke on the subject, Ms. Garima Prakash, Deputy Manager – Public
Policy, NASSCOM detailed on the technological aspects. Mr. K.K. Pillai,
Regional Chairman, EPCES also spoke at the event.
Mr. Harilal in his keynote address gave the participants a background
of SCOMET and how it came to be. He spoke about the mandatory
approvals, authorizations, certificates and licenses that units
exporting products classified under SCOMET should procure. He pointed
out that not many exporters are aware of this requirement. He also
briefed on the penalties and legal action that would be taken against
the exporters not adhering to the regulations.
Mr. Krishna Barad in his presentation covered the Export Trade
Control measures in other parts of the world like USA, EU, Australia and
Asia. He listed the ‘dual use’ items that comes under SCOMET which find
civilian as well as military applications. He explained the Export
Control Classification Number and the identification procedure. He
explained the impact SCOMET has on importers, exporters, buyers, vendors
and suppliers. An overview of the categories and subcategories of the
SCOMET items were provided by Mr. Barad. He detailed on the SCOMET
application process with the DGFT.
Ms. Garima Prakash spoke on the technological aspects of SCOMET such
as intangible transfers, electronics, technology, telecommunications,
information security. She also briefed on the way forward for the Export
control regime such as bulk licenses, fully digitizes and integrated
licensing portal and query helpdesk.
Participants included exporters, SEZ units, manufacturing units, CXOs, business owners etc.
