https://www.taxtmi.com/caselaws?id=72816 Paragraph 204 of the Import and Export Policy made licences used for the import replenishment facility non-transferable only to the extent of the facility actually availed of, because the scheme contemplated endorsement and quantification of the permissible import value. Paragraph 225 then allowed transfer of REP licences in full or in part, and did not exclude transfer of the unutilised balance where the licence had been only partly used under Paragraph 204. The unutilised portion of the REP licence therefore remained transferable, while the utilised portion continued to be non-transferable. en-us Wed, 11 Feb 1987 00:00:00 +0530 Wed, 25 May 2011 12:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72816 Paragraph 204 of the Import and Export Policy made licences used for the import replenishment facility non-transferable only to the extent of the facility actually availed of, because the scheme contemplated endorsement and quantification of the permissible import value. Paragraph 225 then allowed transfer of REP licences in full or in part, and did not exclude transfer of the unutilised balance where the licence had been only partly used under Paragraph 204. The unutilised portion of the REP licence therefore remained transferable, while the utilised portion continued to be non-transferable. Case-Laws Indian Laws Wed, 11 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72816