Pass Book Scheme credit eligibility tied to later of mate receipt or bill of lading, affecting credit grant and utilisation. Exports qualify for Pass Book Scheme credit only when the later of the mate receipt or bill of lading is dated on or before the scheme cutoff; if that later document is dated after the cutoff, no credit is available. Credits may be utilised for imports within one year from the date of grant, and renewal of the Pass Book is not necessary to enter or use credits, subject to the Handbook of Procedures provision on date of shipment/dispatch.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pass Book Scheme credit eligibility tied to later of mate receipt or bill of lading, affecting credit grant and utilisation.
Exports qualify for Pass Book Scheme credit only when the later of the mate receipt or bill of lading is dated on or before the scheme cutoff; if that later document is dated after the cutoff, no credit is available. Credits may be utilised for imports within one year from the date of grant, and renewal of the Pass Book is not necessary to enter or use credits, subject to the Handbook of Procedures provision on date of shipment/dispatch.
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