Transferability of goods imported I procured by debiting duty in SFIS scrips

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..... Dated 07.11.2016 PUBLIC NOTICE No. 02/2016 Subject: - Transferability of goods imported I procured by debiting duty in SFIS scrips - reg. Attention of the Customs, Central Excise Service Tax Assesses, Importers, Exporters, Manufacturers, Service Providers and other members of Industry and Trade in the State of Madhya Pradesh Chattisgar .....

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..... also consulted DGFT. 3. After examining the matter, CBEC Board has clarified that - 3.1. The goods imported / procured utilizing SFIS Scrip issued in terms of FTP 2009 - 14 may be sold / transferred on completion of 3 years from the date of clearance of import/procurement in terms of the Department of Commerce notification no. 30 dated 01.08.2013. 3.2. In .....

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..... to be consumed in the course of day to day business of the applicant, such consumables are non - transferable even after 3 years. Hence these shall be exception to (a) and (b) above. 4. DGFT would also consider, on merits under para 2.5 of FTP 2004-09/2009-14 requests for export sale of goods any time after import/procurement. subject to such export being without claim for any export .....

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