https://www.taxtmi.com/circulars?id=858 Whether goods imported duty free under Notification No. 204/92 by a Merchant Exporter and supplied as replenishment to a supporting manufacturer constitute a transfer is decided by the scheme's intention: licences and imported materials are subject to an actual user condition. Outright purchases embedding input costs amount to a veiled sale and disqualify duty free benefit where Modvat has been availed; job work or contracts limited to jobbing charges that do not transfer ownership satisfy the Notification. en-us Fri, 13 Oct 1995 00:00:00 +0530 Fri, 18 Jul 2025 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=858 Whether goods imported duty free under Notification No. 204/92 by a Merchant Exporter and supplied as replenishment to a supporting manufacturer constitute a transfer is decided by the scheme's intention: licences and imported materials are subject to an actual user condition. Outright purchases embedding input costs amount to a veiled sale and disqualify duty free benefit where Modvat has been availed; job work or contracts limited to jobbing charges that do not transfer ownership satisfy the Notification. Circulars Customs Fri, 13 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=858