N 30/2013 (RE-13)
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Notification No: 30 (RE-2013)/2009-2014 New Delhi, the 1st August, 2013
Subject: Amendments in Para 3.12.7 of Foreign Trade Policy 2009-14 regarding SFIS.
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2009-14 with immediate effect:
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Paragraph 3.12.7 of FTP is amended to read as under:
Existing Paragraph: Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition.
Amended Paragraph: Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition. However, these goods can be alienated on completion of 3 years from the date of import / procurement.
Effect of this Notification: Goods imported / procured against SFIS scrips can be alienated on completion of 3 years from the date of import / procurement.
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(Anup K. Pujari) Director General of Foreign Trade E-mail: dgft@nic.in
[Issued from File No. 01/91/180/1243/AM11/PC3]
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