Exemption transferability and conditional import relief expanded, allowing endorsed scrip transfers and actual-user undertakings for capital goods. Amendments clarify exemptible capital goods and consumables for hotels, service providers and service providers with manufacturing activity, require Regional Authority endorsement of manufacturing on scrips to preserve scrip validity, impose an actual user undertaking and liability with interest for manufacturing-related capital goods and spares, restrict vehicle clearances while permitting professional-use vehicles subject to endorsement and registration, and expand transferable scrip rules to allow endorsed transfers to supporting manufacturers and intra-group manufacturer transferees with specified sector endorsements.
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.
Exemption transferability and conditional import relief expanded, allowing endorsed scrip transfers and actual-user undertakings for capital goods.
Amendments clarify exemptible capital goods and consumables for hotels, service providers and service providers with manufacturing activity, require Regional Authority endorsement of manufacturing on scrips to preserve scrip validity, impose an actual user undertaking and liability with interest for manufacturing-related capital goods and spares, restrict vehicle clearances while permitting professional-use vehicles subject to endorsement and registration, and expand transferable scrip rules to allow endorsed transfers to supporting manufacturers and intra-group manufacturer transferees with specified sector endorsements.
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