Conversion of DEEC shipping bills: permitted where exporter holds a Pass Book at time of conversion application, enabling credit. Conversion of DEEC shipping bills filed on or after 30 May 1995 is allowable provided the exporter possesses a Pass Book on the date of seeking conversion; this accords with the DEEC requirement of prior Advance Licence application and Notification No. 104/95-Customs does not bar credit where a Pass Book was held on the date of application, and Circular No. 44/96-Cus. is modified accordingly.
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Provisions expressly mentioned in the judgment/order text.
Conversion of DEEC shipping bills: permitted where exporter holds a Pass Book at time of conversion application, enabling credit.
Conversion of DEEC shipping bills filed on or after 30 May 1995 is allowable provided the exporter possesses a Pass Book on the date of seeking conversion; this accords with the DEEC requirement of prior Advance Licence application and Notification No. 104/95-Customs does not bar credit where a Pass Book was held on the date of application, and Circular No. 44/96-Cus. is modified accordingly.
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