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of <h1>Procedure for converting DEEC shipping bills to Pass Book Scheme under specified conditions</h1> The circular addresses the procedure for converting shipping bills filed under the Duty Exemption Scheme (DEEC) to the Pass Book Scheme, as permitted by a prior trade circular. Conversion is allowed only for shipping bills filed on or after May 30, 1995, the date the Pass Book Scheme became operational. Customs authorities are instructed to permit conversion requests only if the advance license associated with the DEEC shipping bill remains unused, has been surrendered to the licensing authority, and proof of surrender is provided. Credit under the Pass Book Scheme will be granted solely if the Assistant Commissioner of Customs confirms all scheme conditions are met. This clarifies and enforces compliance requirements for conversion requests to ensure proper utilization of export incentives.
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