2.35.5

The goods imported against such licence/ certificate/ permission shall not be transferred to anyone within a period of 2 years from the date of their import without the prior permission of the Director General of Foreign Trade.

No permission for transfer will be required in case the imported goods are re-exported. However, the re-export shall be subject to all conditionality, or requirement of licence, or permission, as may be required under Schedule II of ITC(HS) Classification.

(Above Second clause has been added vide PUBLIC NOTICE NO. 36(RE-03), DT. 10/12/2003)

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