Pass Book Scheme - Clarification on operations of New Scheme amended by Notif. No. 115/95-Cus

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..... l not be transferable and to specify the Ports at which the Pass Book Scheme shall be in operation. 2. Specification of Ports The scheme shall be in operation at the ports, Airports or Inland Container Deports at Bombay, Nhava Shava, Calcutta, Madras and New Delhi. Accordingly, no credit shall be admissible in the Pass Book in respect of exports made from any other Ports/ Airport or I.C.Ds and similarly imports against the Pass Book shall also not be permissible from places other than those specified. 2.1 Credit on basis of inputs specified in standard input output norms. The amendment has made a specific provision that credit shall be admissible only in respect of inputs which are specified in the standard input output norms with .....

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..... ct. End -use notifications or other conditional Notifications shall also be taken into consideration where conditions of such notification have been fulfilled. For example, notification No. 45/94-Customs dated the 1st March, 1994 extends concessional rate of duties for a number of items when imported for use in the leather Industry. Thus where credit is claimed in respect of any input attracting concessional rate of duty in terms of said notification against the export of leather products, credit should be permitted only at the rate of duties specified in terms of said notification. The relevant date for deciding the rate of duty applicable on the inputs shall be the date on which the order permitting the clearance and loading of export pro .....

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..... f inputs in respect of which credit is claimed exceeds 75% of the F.O.B. value of the product exported. Accordingly, a minimum of 33% value addition applicable in respect of Quantity Based Advance Licences, shall also be applicable in respect of export under Pass Book Scheme. However, Director General, Foreign Trade or any other officer authorised by him may permit credit to be allowed in cases of lower value addition by a general or special order. 2.6 Non-transferability of Pass Book or credits. The amending notification has also made a special provision to bar the transferability of Pass Book or the credit allowed therein to any other person. 3. The aforesaid changes made in the scheme may be brought to the notice of exporting comm .....

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