TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Pass Book Scheme allows duty-free imports for exporters through credits based on Standard Input-Output Norms</h1> The government introduced a Pass Book Scheme for duty-free imports through Circular 62/95 dated June 7, 1995, implementing Export-Import Policy provisions. The scheme operates at four major Custom Houses with designated authorities posted by the Director General of Foreign Trade. Exporters must declare goods under the scheme on shipping bills without claiming drawback benefits. Credits for basic customs duties on inputs are permitted based on Standard Input-Output Norms, valid for two years. Imports are allowed for items not on negative lists, with duty amounts debited from pass books. Unused credits lapse after three years. The scheme requires proper record maintenance and verification procedures.
TaxTMI 