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of <h1>Government Amends Export-Import Policy: Key Changes to Duty Entitlement Passbook Scheme, Export Obligations, and Unit Conversions</h1> The Central Government has amended the Export and Import Policy, 1997-2002, under the Foreign Trade (Development and Regulation) Act, 1992. Key changes include renaming the Passbook Scheme to Duty Entitlement Passbook Scheme and specifying that export obligations must be fulfilled within eight months, except for certain projects. The Duty Entitlement Passbook Scheme aims to offset customs duty on imports for export products through duty credits. EHTP/STP Units can convert to EOU Units, retaining duty concessions. The notification also updates export performance criteria for recognition for 1997-98 and 1998-99, detailing FOB and NFE values for various categories.
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