Shis licence

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2015 can company utilise SHIS licence to pay custom duty for import purchase of capital material (say machinery for expansion).?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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25 April 2015 Refer to DGFT PUBLIC NOTICE No.54/ 2009-14
NEW DELHI: the 08 April, 2010

PARA 3.10.6

SHIS scrip can be used for payment of applicable duties on import of Capital Goods (as defined in FTP) relating to the sectors specified in Para 3.16.4 of FTP. The Scrip / the goods so imported shall be with Actual User Condition. Imports of Capital Goods shall be related to any of the sectors listed in Para 3.16.4 of FTP, without any sector wise value limitation; even by the listed supporting manufacturers.