how is it possible that an importer of marine goods can utilise the SFIS Scrip issued to a hotel for supplying fish to the hotel (SFIS holder) ? (The hotel and the importer are two separate companies and not group companies).
How the transaction can be effected? What are the procedures and precautions to be taken?
Guidance Sought on Using SFIS Scrip by Separate Entities for Marine Goods Supply to Hotels under Specific Procedures An individual inquired about the possibility and procedure for an importer of marine goods to utilize the SFIS Scrip issued to a hotel for supplying fish to that hotel, given that the hotel and the importer are separate entities and not part of the same corporate group. The query seeks guidance on how such a transaction can be executed, including necessary procedures and precautions. (AI Summary)