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DGFT Foreign Trade Policy Exim Policy (01/04/2003 to 31/08/2004) PARA 4.2.4

4.2.4

DFRC shall be issued for import of inputs as per SION as indicated in the shipping bills. The validity of such licences shall be 18 months. DFRC and or the material(s) imported against it shall be freely transferable. However, DFRC with actual user condition or the material(s) imported against it shall not be transferable.

(Para 4.2.4 has been amended vide NTF. No. 28/2003, DT. 28/01/2004)

[OLD -
DFRC shall be issued for import of inputs as per SION as indicated in the shipping bills. The validity of such licences shall be 18 months. DFRC and or the material(s) imported against it shall be freely transferable. ]

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