https://www.taxtmi.com/caselaws?id=106814 Under the Pass Book Scheme, export credit accrued on the basis of the norms in force when the exports were made, so later revised input-output norms could not retrospectively reduce entitlement from 227 kg to 27 kg per metric ton of exported shrimps. The scheme was distinct from the Advance Licence Scheme and operated on immediate credit against export performance. Entitlement also did not depend on proof of actual prior imports; credit was computed on deemed or notional imports, and the later reference to "deemed" was only clarificatory. Accordingly, the prevailing export-period norms governed the credit and authorities were to grant consequential relief. en-us Tue, 01 Oct 2002 00:00:00 +0530 Fri, 16 Mar 2012 19:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106814 Under the Pass Book Scheme, export credit accrued on the basis of the norms in force when the exports were made, so later revised input-output norms could not retrospectively reduce entitlement from 227 kg to 27 kg per metric ton of exported shrimps. The scheme was distinct from the Advance Licence Scheme and operated on immediate credit against export performance. Entitlement also did not depend on proof of actual prior imports; credit was computed on deemed or notional imports, and the later reference to "deemed" was only clarificatory. Accordingly, the prevailing export-period norms governed the credit and authorities were to grant consequential relief. Case-Laws Customs Tue, 01 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106814