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Ease in Defence Export

The list of Military Stores requiring No Objection Certificate (‘NoC’) from the Ministry of Defence (‘MoD’) for import/export has been rescinded. The Munitions List has been further refined and elaborated to remove the existingambiguities and grey areas.Department of Defence Production (‘DDP’) would continue to be the licensing authority for Category 6 items, subject to some exceptions.  Revised SOP for issue of authorization for export of items in Category 6 has been released by the MoD on 15 May, 2017.

http://economictimes.indiatimes.com/government-resolves-one-year-logjam-over-defence-manufacturing-by-private-companies/articleshowsp/58796952.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=IACC&type=iaccnewsletter

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