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of <h1>Clarifications on Exim Policy 1992-97: Exports by March 31, 1997, eligible for credit; use credits for imports within a year.</h1> The circular issued by the Directorate General of Foreign Trade provides clarifications on the Pass Book Scheme under the Exim Policy 1992-97. It specifies that exports made on or before March 31, 1997, are eligible for credit if the later date between the Mate Receipt or Bill of Lading is on or before this date. Exports with later dates are not eligible for credit. Credits earned under the scheme can be used for imports within one year without requiring Pass Book renewal. This decision aligns with the provisions outlined in the Handbook of Procedures.
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