Reg sfis scripts

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Ganesan (Querist)
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20 September 2013 Dear Sir,
We are having SFIS Script for our Distribution services ( Agent & Retailing ). We don't have manufacturing activity. Unable to use for capital goods import. we are having script for Rs.10 Lac's. How we can utilize?

Kindly clarify.

Thanks in advance.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 September 2013 Utilization:
**************
Duty Credit may be used for import of any capital goods including spares, office equipment and professional equipment, office furniture and consumables. Furthermore, hotels can import consumables such as food items and alcoholic beverages in addition to capital goods. This import can relate to any service sector business of applicant. Entitlement / goods (imported / procured) are transferable only within company group and managed hotels.

Payment of Excise Duty:
************************
Additionally, this Duty Credit Scrip can also be utilized for payment of excise duty for procurement of items, permitted by Department of Revenue (DoR), from domestic sources.

Ganesan

Ganesan (Querist)
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20 September 2013 Dear Sir,

Thanks for your reply.

Hotels can make import of Food items & Alcoholic beverages in addition to capital goods.

In our case we do Agency and whole sale selling. We are paying 12.5% duty for our imports.

Recently our advisor said, imported goods cannot able to sell for 3 years with SFIS Scripts.

Is there any option to utilise? Where we have to inform the inability of using this script?

Kindly assist us.

Thanks in advance.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 September 2013 yes admissible for hotel.

ALSO Noted refer to PARA 3.12.6(a) of foreign trade policy 2009-2014

"duty credit scrip may be used for import of any capital goods including spares, office equipment,and professional equipment ,office furniture and consumables that are otherwise freely importable and restricted under ITC HS . imports shall relate to any service sector business of applicant.

Ganesan

Ganesan (Querist)
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20 September 2013 Sir,

We are doing leather tanning chemicals, in this we are doing Distribution service ( Commission & Whole sale services).

There is no capital goods involvement & unable to import office consumables for Rs 10- 15 lac scripts.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 September 2013 सर आप ही इम्पोर्ट करने के लिए अधिकृत है.
श्रीमान जी आप स्वयं भी कन्फूज है और मुझे भी कर रहे है जब विदेश व्यापर पालिसी कह रही है आप इम्पोर्ट के लिए अधिकृत है फिर भी बार बार एक ही बात पुछ रहे है.

only you are authorised by DGFT for import against this licence .

sir, it seems that you are confuse ,when the FTP also describing the condition why are you asking same query again and again???

regards

Ganesan

Ganesan (Querist)
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20 September 2013 Sir,Pls write in english, i dont know hindi

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 September 2013 dear author.

obviously i explain the all condition and it seems that perhaps you are confuse.

if you ask me i able for reply in your regional language.

Ganesan

Ganesan (Querist)
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20 September 2013 Sir, you have typed the msg in hindi, i dont know what is in that.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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21 September 2013 respected Author,

only you are authorised by DGFT for import against this licence .

sir, it seems that you are confuse ,when the FTP also describing the condition why are you asking same query again and again???

regards

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