Credit under Passbook Scheme

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....tention is invited to Ministry's telex dated 16th 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 admissib....

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....ing credit under the Pass Book Scheme in respect of such inputs. However, 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'....