https://www.taxtmi.com/notifications?id=18868 Credit under the V.B.A.L. notification is admissible only for inputs specified with quantity limits in the prescribed standard input output norms and declared as actually used; exports must be manufactured from prime quality inputs unless norms allow scrap. Credit is allowed at customs duty rates as if inputs were imported on the export clearance order date; where duties are value based the ordinary transaction price between unrelated parties is used and valued using the exchange rate on presentation of the shipping bill. Credit is subject to a ceiling relative to FOB value unless DGFT permits otherwise. The Pass Book or credit is not transferable. en-us Fri, 27 Oct 1995 00:00:00 +0530 Mon, 03 Aug 2009 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=18868 Credit under the V.B.A.L. notification is admissible only for inputs specified with quantity limits in the prescribed standard input output norms and declared as actually used; exports must be manufactured from prime quality inputs unless norms allow scrap. Credit is allowed at customs duty rates as if inputs were imported on the export clearance order date; where duties are value based the ordinary transaction price between unrelated parties is used and valued using the exchange rate on presentation of the shipping bill. Credit is subject to a ceiling relative to FOB value unless DGFT permits otherwise. The Pass Book or credit is not transferable. Notifications Customs Fri, 27 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/notifications?id=18868