To be published in the Gazette of India Extraordinary Part II
Section 3, Sub Section (II)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan, New Delhi
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:
2. 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.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft