Transferability of SFIS-imported goods permitted after prescribed retention period; DGFT to consider legacy scheme transfer requests with exceptions. Goods imported or procured by debiting duty in SFIS scrips under FTP 2009-14 may be sold or transferred after a three year retention period from date of clearance; requests under FTP 2004-09 will be considered by DGFT on merits in line with the High Court's reasoning. Consumables, including food and alcoholic beverages, remain non transferable even after the retention period. DGFT may permit export sale of imported/procured goods any time post import provided no export incentives or refunds are claimed and any return to India will be 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 permitted after prescribed retention period; DGFT to consider legacy scheme transfer requests with exceptions.
Goods imported or procured by debiting duty in SFIS scrips under FTP 2009-14 may be sold or transferred after a three year retention period from date of clearance; requests under FTP 2004-09 will be considered by DGFT on merits in line with the High Court's reasoning. Consumables, including food and alcoholic beverages, remain non transferable even after the retention period. DGFT may permit export sale of imported/procured goods any time post import provided no export incentives or refunds are claimed and any return to India will be treated as fresh import.
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