https://www.taxtmi.com/circulars?id=932 Credit under the Pass Book Scheme is admissible where Standard Input Output norms specify input quantities or permit determination of quantity by reference to inputs used in the export product, including by net-to-net basis or by applying a formula; such quantity based norms qualify for credit. Credit is not admissible where input quantity is worked out as a percentage of FOB value. Verifying officers must ensure exporters declare input quantities and must verify such quantities at examination when processing the Shipping Bill. en-us Wed, 25 Sep 1996 00:00:00 +0530 Thu, 24 Jul 2025 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=932 Credit under the Pass Book Scheme is admissible where Standard Input Output norms specify input quantities or permit determination of quantity by reference to inputs used in the export product, including by net-to-net basis or by applying a formula; such quantity based norms qualify for credit. Credit is not admissible where input quantity is worked out as a percentage of FOB value. Verifying officers must ensure exporters declare input quantities and must verify such quantities at examination when processing the Shipping Bill. Circulars Customs Wed, 25 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=932