Transferability of SFIS imported goods: sale allowed after three years, with exceptions and export conditions subject to restrictions. Goods imported or procured using SFIS scrips under FTP 2009 14 may be sold or transferred after three years from clearance per Department of Commerce Notification No. 30. Requests for transfers of goods under FTP 2004 09 will be considered by DGFT on merits under para 2.5, in line with judicial guidance. Consumables, including food and alcoholic beverages, are non transferable even after three years. DGFT may permit export sale any time after import/procurement provided no incentive, rebate, refund, drawback or re credit is claimed and any return to India is treated as fresh import.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transferability of SFIS imported goods: sale allowed after three years, with exceptions and export conditions subject to restrictions.
Goods imported or procured using SFIS scrips under FTP 2009 14 may be sold or transferred after three years from clearance per Department of Commerce Notification No. 30. Requests for transfers of goods under FTP 2004 09 will be considered by DGFT on merits under para 2.5, in line with judicial guidance. Consumables, including food and alcoholic beverages, are non transferable even after three years. DGFT may permit export sale any time after import/procurement provided no incentive, rebate, refund, drawback or re credit is claimed and any return to India is treated as fresh import.
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