Transferability of imported goods under SFIS: sale/transfer allowed after three years, with consumables excluded. Goods imported or procured under SFIS scrips issued in terms of FTP 2009-14 may be sold or transferred after three years from the date of clearance, per Department of Commerce Notification No. 30. Goods under FTP 2004-09 will be considered on merits under permissive FTP provisions with regard to three year transferability; however, consumables (including food and alcoholic beverages) remain non transferable even after three years. Exports or sales any time after import may be permitted on merits only without any claim to export 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 of imported goods under SFIS: sale/transfer allowed after three years, with consumables excluded.
Goods imported or procured under SFIS scrips issued in terms of FTP 2009-14 may be sold or transferred after three years from the date of clearance, per Department of Commerce Notification No. 30. Goods under FTP 2004-09 will be considered on merits under permissive FTP provisions with regard to three year transferability; however, consumables (including food and alcoholic beverages) remain non transferable even after three years. Exports or sales any time after import may be permitted on merits only without any claim to export incentives, and any re import will be treated as a fresh import.
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