Sfis license

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2012
An Company has taken a SFIS license (on services export) from DGFT which can be utilised for payment of Customs duty. Can anyone clarify whether it can be used for Payment of customs duty on other business segment(manufacturing) of that company only ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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10 February 2012 refer to para 3.12.7 of foreign trade policy 2009-2014 ENTITLEMENT / GOODS IMPORTED / PROCURED SHALL BE NON TRANSFERABLE (EXCEPT WITHIN GROUP COMPANY AND MANAGED Hotels) and be subject to Actual USER condition.

also read the para 3.12.6 of foreign trade policy in this regards.

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