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38. Transfer of ownership and removal of goods — The goods or services admitted into Special Economic Zone without payment of duty or manufactured or produced or partly processed or semi-finished goods may be transferred or given on loan to a Unit or Developer within the
same Special Economic Zone or in another Special Economic Zone or to an Export Oriented Unit or to a unit in Electronic Hardware Technology Park or to a Unit in Software Technology Park, Bio-technology Park Unit without payment of duty, subject to the following conditions, namely:—
(i) the transferee or loanee Unit or Developer is entitled for duty free procurement of the goods for its authorized operations;
(ii) the supplying and receiving Unit or Developer, as the case may be, shall maintain proper account of goods transferred or of
goods given or taken on loan;
(iii) the goods transferred or given on loan basis shall not be counted for the purpose of Net Foreign Exchange Earning by the Unit;
(iv) the transferred goods (other than the raw material procured from Domestic Tariff Area) shall be accounted, as import by the receiving unit while the value of the same shall be deducted from the import of the transferring unit;
(v) transfer or loan of goods to Units or Developers in other Special Economic Zones or to Export Oriented Unit or Electronic Hardware
Technology Park Unit or Software Technology Park unit or Biotechnology Park Unit shall be allowed with the prior written permission of
the Specified Officer and subject to such conditions as may be imposed.
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