import of fish under SFIS

[Dalia Felix]

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?

AI Summary

SFIS scrip transferability questioned as an importer seeks to use a hotel issued scrip for marine imports while ensuring compliance. Whether an importer of marine goods may utilise an SFIS scrip issued to a hotel when the hotel and importer are separate companies is questioned; the inquiry focuses on how the transaction can be effected and the procedures and precautions to be taken, including verifying scrip transferability, obtaining contractual consent and endorsements, maintaining clear invoicing and supply records with the hotel as recipient, and ensuring regulatory and customs compliance through documentary verification and due diligence.