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Trade Policy 2004-2009 Main Policy
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Chapter - 4
Clause - 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 24 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.

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