Transfer restriction on imported materials bars transfers after export obligation discharge and bond redemption; importer may use them for manufacture. The notification proviso provides that for licences issued after the specified cut off, no transfer of materials imported under such licences shall be made until discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority; after those obligations are completed the materials may be used by the importer for manufacture of 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.
Transfer restriction on imported materials bars transfers after export obligation discharge and bond redemption; importer may use them for manufacture.
The notification proviso provides that for licences issued after the specified cut off, no transfer of materials imported under such licences shall be made until discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority; after those obligations are completed the materials may be used by the importer for manufacture of other goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
