Licence transfer restrictions and ownership requirements limit transfers and impose import/export compliance obligations including bond and permission conditions. Export licences are subject to deemed conditions prohibiting transfer except as permitted by policy and requiring that exported goods be the licensee's property at export. Import licences may be conditioned to restrict transfer, require ownership until customs clearance, mandate goods be new unless stated, prohibit export without Director General permission, and impose bonds or disposal limits; imports under an Indo U.S. technology transfer Memorandum must follow specified assurances in the import certificate.