A new Duty Entitlement Pass-book Scheme has been introduced in Chapter 7 of the new Export and Import policy for the period 1997-2002. The scheme substitutes Value Based Advance Licensing Scheme as well as Pass-book Scheme of the earlier EXIM policy. A new Notification No. 34/ 97- Cus1 dated 7.4.97 has been issued to give effect to this Scheme. Copy of the notification is enclosed for
