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of <h1>Credit allowed for inputs with quantity limits under Pass Book Scheme; percentage-based FOB value inputs excluded</h1> Credit under the Pass Book Scheme is admissible for inputs specified with quantity restrictions in the standard input-output norms, including cases where quantity is not explicitly stated but can be determined on a net-to-net basis or by a prescribed formula. Inputs whose quantity is calculated as a percentage of the FOB value do not qualify for credit. Exporters must declare the quantity of inputs used according to the norms during export, and verification of such quantities should be conducted at the time of goods examination under the scheme. Officers processing shipping bills are required to ensure proper examination considering these criteria.
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