DGFT notified regarding the Standard Operating Procedure/Guidelines for Voluntary Disclosure of Non Compliance/Violations related to Export of SCOMET Items and SCOMET Regulations

Jan 17, 2025 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Directorate General of Foreign Trade (DGFT) on January 15, 2025, issued the notification regarding the Standard Operating Procedure/Guidelines for Voluntary Disclosure of Non Compliance/Violations related to Export of SCOMET Items and SCOMET Regulations. 

The following has been stated namely: -

• The DGFT encourages voluntary disclosures of failure to comply with the export control provisions and supports raising awareness among the exporters to avoid any non-compliance incidents. 

• The types of violations have been stated

• The procedure for voluntary disclosure has been stated

This shall come into force on January 15, 2025.

[Notification No. 40/2024-2025]


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