Restriction on transfer of imported materials: licences issued after the cutoff bar post-obligation transfers; materials may be used in manufacture. The amendment adds a proviso restricting that materials imported against licences issued after a specified cutoff date shall not be transferred after discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority, and permits such materials to be used by the importer for manufacture of any other goods.
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.
Restriction on transfer of imported materials: licences issued after the cutoff bar post-obligation transfers; materials may be used in manufacture.
The amendment adds a proviso restricting that materials imported against licences issued after a specified cutoff date shall not be transferred after discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority, and permits such materials to be used by the importer for manufacture of any other goods.
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