Transferability after three years: goods imported under SFIS/SAS scrips may be sold, consumables excepted, subject to export restrictions. Goods imported or procured using SFIS/SAS scrips under FTP 2009 14 may be sold or transferred after completion of three years from clearance; imports under FTP 2004 09 will be considered on merits with similar effect. Consumables, including food and alcoholic beverages, remain non transferable even after three years. DGFT may permit export sale without any claim to incentives, and any re import will be treated as a 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 after three years: goods imported under SFIS/SAS scrips may be sold, consumables excepted, subject to export restrictions.
Goods imported or procured using SFIS/SAS scrips under FTP 2009 14 may be sold or transferred after completion of three years from clearance; imports under FTP 2004 09 will be considered on merits with similar effect. Consumables, including food and alcoholic beverages, remain non transferable even after three years. DGFT may permit export sale without any claim to incentives, and any re import will be treated as a fresh import.
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