FTP - transfer/sale of imported weapons (firearms) by shooters has been liberalized
PARA 2.43.2 (c) of Handbook of Procedure Vol.I, 2009-2014 now reads as under:
“Prior Permission of DGFT shall also not be required for transfer of imported weapons (firearms) by the Renowned Shooters after 5 years from date of import. In respect of those shooters categorized as Renowned Shooter for at least 3 consecutive years, no permission would be required from DGFT after 3 years from date of import.”
It is amended to read as under:
“Prior Permission of DGFT shall also not be required for transfer of weapon/s (firearm/s) imported by a Renowned Shooter (as defined in Policy Condition 3 of Chapter 93 of ITC(HS) 2012) for the purpose of his/her pursuing shooting as a sport to any upcoming shooter as certified either by the National Rifle Association of India (NRAI) or the Department of Sports, Ministry of Youth Affairs & Sports after two years from the date of import. The transferee can subsequently transfer/resell to any buyer as certified by the NRAI or Department of Sports for the sole purpose of pursuing shooting as a sport after one year from the date of its first sale. Such transfer/sale is subject to the provisions of the Arms Act, 1959 and other rules/regulations by state/local police. NRAI/Department of Sports will maintain the required records.”
Public Notice No. (RE- 2013), Dated: May 17, 2013