Pass Book Scheme - Clarification on operations of New Scheme amended by Notif. No. 115/95-Cus

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....that the Pass Book or the credits allowed therein shall not be transferable and to specify the Ports at which the Pass Book Scheme shall be in operation. 2. Specification of Ports The scheme shall be in operation at the ports, Airports or Inland Container Deports at Bombay, Nhava Shava, Calcutta, Madras and New Delhi. Accordingly, no credit shall be admissible in the Pass Book in respect of exports made from any other Ports/ Airport or I.C.Ds and similarly imports against the Pass Book shall also not be permissible from places other than those specified. 2.1 Credit on basis of inputs specified in standard input output norms. The amendment has made a specific provision that credit shall be admissible only in respect of inputs whi....

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....ith notification if any issued under section 25 of the Customs Act. End -use notifications or other conditional Notifications shall also be taken into consideration where conditions of such notification have been fulfilled. For example, notification No. 45/94-Customs dated the 1st March, 1994 extends concessional rate of duties for a number of items when imported for use in the leather Industry. Thus where credit is claimed in respect of any input attracting concessional rate of duty in terms of said notification against the export of leather products, credit should be permitted only at the rate of duties specified in terms of said notification. The relevant date for deciding the rate of duty applicable on the inputs shall be the date on wh....