04 September 2012
We have a one IEC code with different service unit & manufacturing unit and having exports from all units. Import of service unit is very low and import of manufacturing unit is very high. Also we are importing capital goods for manufacturing unit. We have with us SFIS license.
Under FTP 2009-14 Para 3.12.7 - Entitlement/goods (imported/procured) shall be non transferable (except within group company and managed hotels) and be subject to actual user condition.
So can we import goods for service unit under SFIS and later transfer it to manufacturing unit.
If it is possible can you define the procedure how to execute the same.
06 September 2012
in this case you can procured the material if IEC code No. is same otherwise Not.
for clarification purpose please fillup Appendices -28 DGFT.
Regards,
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 September 2012
Thank you Sir.
Also can you put some light on the below -
Para 3.12.8 - procurement from Domestic Sources - Can you provide us DoR notification or any other document issued for utilisation of SFIS duty credit scrip to make excise duty payment.