Pass Book Scheme credits basic customs duty on inputs for exports, usable against import duties after official verification. Pass Book Scheme allows crediting of basic customs duty on inputs used in export production into a pass book held by a designated authority; exports must be on Shipping Bills declaring scheme use, applicable Standard Input Output Norms, and a waiver of drawback or advance licence benefits. Credits require verification by the Assistant Commissioner of Customs, are limited to basic duty, and are valid for specified periods. Imports against pass book credits require Bills of Entry to show duties leviable but for exemption so designated authority can debit the pass book and endorse the Bill of Entry.
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 credits basic customs duty on inputs for exports, usable against import duties after official verification.
Pass Book Scheme allows crediting of basic customs duty on inputs used in export production into a pass book held by a designated authority; exports must be on Shipping Bills declaring scheme use, applicable Standard Input Output Norms, and a waiver of drawback or advance licence benefits. Credits require verification by the Assistant Commissioner of Customs, are limited to basic duty, and are valid for specified periods. Imports against pass book credits require Bills of Entry to show duties leviable but for exemption so designated authority can debit the pass book and endorse the Bill of Entry.
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