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?
Clarification Sought on Third-Party Use of SFIS Scrip for Fish Supply: Procedures and Precautions Under Customs Rules An inquiry was raised regarding the use of SFIS Scrip by a third party, specifically how an importer of marine goods can utilize SFIS Scrip issued to a hotel for supplying fish. The hotel and the importer are distinct entities, not part of the same corporate group. The discussion seeks to understand the transaction process, necessary procedures, and precautions for such an arrangement under customs, export-import, and SEZ regulations. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
