Trade Notice No. 06/2021-22 dated 25.05.2021 issued by DGFT regarding Mandatory recording of information about transfer of DFIA (Duty Free Import Authorization) Scrips and Paperless issuance of DFIA Scrips.
In order to enable electronic, paperless transactions and facilitate trade, it is submitted that the recording of transferability of DFIA is being made online. In this regard, a facility has been created on DGFT website to record the information about transfer of DFIA scrips. The recording of given information would allow the transferee to apply for ARO/Invalidation against the said DFIA Scrip online.
The given transfer of DFIA scrips, shall be recorded under the relevant module
on the DGFT website (https://dgft.gov.in) — > Services — > AA/DFIA.
The details can be read out as per the trade notice copy attached above.
It should be noted that unless recorded on DGFT website, the new owner (transferee) will not be able to utilize the scrip. Therefore, the new owner (transferee) has to ensure that the scrip is recorded in his favour by the old owner (transferor). DGFT/Customs shall not be responsible for any lapse by the old or new owner or any dispute in this regard.
thanks for information