Credit under Passbook Scheme

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.... August, 1996 issued from F.No. 605/261/96-DBK whereby it was clarified that credit under the Pass Book Scheme in terms of Notification No. 104/95- Customs as amended by notification No. 155/95-Customs shall be admissible only in respect of inputs specified with a quantity restrictions in the Standard Input Output norms and shall not be admissible in respect of inputs permitted even on 'net to net....

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....er, credit shall not be admissible in respect of inputs for which quantity of inputs is to be worked out based on a percentage of F.O.B. value. In such cases quantity of inputs would depend upon the value determined as a percentage of F.O.B. value and therefore not qualify based norms. 3. Attention is invited to Ministry's Circular No. 17/96 dated 15.3.96 whereby procedure for declaration of the....